GM - Electric Car with a lower price on Market by 2021?!

[Petar + 76]

Detroit automaker, by the plan of management, planing to build a formula for profitable electric car. In this moment they didn't tell how GM intends to do what. By some unofficial info from GM by 2021, "price of electric cars could drop to $6,000. with improvements in battery chemistry and packaging". Competition with Tesla?

[Pavel + 384]

That is the way the car industry is going.  They need to change or will eventually go out of business.

[Stephen + 67]

question is whether it can generate the robust profit margins 

[Adam Varga + 123]

They are planning to slash the amount of cobalt in GM's new EMC 1.0 battery system and to increase the amount of nickel to get low expenses with batteries which store and produce more energy. 

[Vlad Kovalenko + 115]

Yes, if they succeed, they should cut the cost of battery cells by more than 30 percent. 

[Carlsbad + 19]

yeah, this race is just as much about securing cheap batteries as it is about new EVs. But GM's stock fell today and wasn't expecting that.