General Motors (GM) to manufacture a family of self-designed EV drives systems and motors - Reuters
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/24/2024
- Nasdaq outshines Wall St peers on tech boost, earnings glee
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Boeing reports first revenue drop in 7 quarters as deliveries decline
- Oil prices steady after rallying on US stock decline, business data
- Yen on the brink, but Tesla pulls back
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Hasbro (HAS) brand strength sees earnings top expectations
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Tesla, AT&T, Biogen and Hasbro rise premarket; Uber, Enphase fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
General Motors (GM) Says Ultium Drive to Help Power its All-Electric Future
September 16, 2020 7:57 AM EDTGeneral Motors' (NYSE: GM) next-generation EVs are expected to be powered by a family of five interchangeable drive units and three motors, known collectively as Ultium Drive. Ultium Drive will help the company transition its current portfolio to a fully electric lineup, providing significant advantages over GMs previous EVs in performance, scale, speed to market and manufacturing efficiencies.
Ultium Drive combines electric motors and single-speed transmissions to apply power generated by Ultium battery cells to the wheels of GMs upcoming electric vehicles. GM will lead the design and development of Ultium Drives modular... More
