GM appoints former Tesla executive as VP of battery unit

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/12/2026

1. CRWV
2. ONON
3. RKLB
4. SPY
5. ACVA
6. RIOT
7. RPD
8. NVDA
9. HIMS
10. FERG

February 8, 2024 10:07 AM EST

FILE PHOTO: The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo

(Reuters) - General Motors on Thursday named former Tesla Inc executive Kurt Kelty to the newly created role of vice president of its battery unit.

Kelty led Tesla's battery development team for 11 years and played a key role in setting up Tesla's first Gigafactory, before joining silicon anode maker Sila Nanotechnologies.

The move comes as GM is working to boost battery manufacturing to support its target of building capacity to produce 1 million electric vehicles in North America by 2025.

Reuters reported last year that a slow ramp-up of its three U.S. battery plants could limit actual EV production.

The top-selling U.S. automaker said last month it expects overall EV sales will rise this year to 10% of the U.S. market from 7% in 2023.

GM also said it will launch plug-in hybrid vehicles in North America as hybrid sales have been rising.

(Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Saumyadeb Chakrabarty)


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters

Related Entities

Tesla