General Motors and POSCO Future M Partner to Bolster EV Battery Supply Chain in North America

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General Motors ($NYSE:GM) (GM) is an American automotive multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts, as well as selling financial services. GM’s roots date back to the early days of the automobile industry and it is now one of the world’s largest auto makers. Recently, GM has partnered with POSCO Future M to bolster its electric vehicle (EV) battery supply chain in North America. This new partnership opens the door for GM to expand its supply chain and increase production of GM’s EVs, such as the Chevrolet Bolt, in North America.

The two companies have also agreed to collaborate on innovative new battery technologies and solutions to further reduce the cost, increase the range, and optimize the performance of GM’s EVs. This partnership will enable GM to increase its EV production in North America and provide the necessary support for the growth of GM’s electric vehicle business in the region. It will also bring together the cutting-edge technology and production capabilities of POSCO Future M and GM’s global innovation network to create a more efficient and reliable EV battery supply chain for North America.

Market Price

On Friday, shares of General Motors (GM) opened at $33.7 and closed at $34.3, up by 3.8% from the prior closing price of 33.0. The rise in stock price for GM was due to the announcement that the company would be partnering with POSCO Future M to create a stronger supply chain for electric vehicle (EV) batteries in North America. This partnership is part of GM’s larger plan to make electric vehicles more accessible and competitive compared to traditional vehicles. POSCO Future M is a South Korean based company that has already established itself as a major player in the EV battery market. This new partnership will allow GM to leverage Posco’s existing supply chain of batteries, making it much easier for GM to produce EVs and bring them to the North American market.

In addition, this partnership will also provide GM with access to Posco’s extensive research and development capabilities, allowing the company to stay ahead of its competition. Both companies have stated that this partnership will help to strengthen their respective positions in the EV market. This will ultimately help GM get ahead of the competition and keep up with the ever-changing EV market. Live Quote…

About the Company

Income Snapshot

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Analysis

At GoodWhale, we have done a comprehensive analysis of GENERAL MOTORS‘ wellbeing. Our Star Chart gives GENERAL MOTORS an intermediate health score of 6/10, which suggests that it may be able to pay off debt and fund future operations. We have classified GENERAL MOTORS as a ‘cheetah’ – a company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given the nature of GENERAL MOTORS’ strengths and weaknesses, we suggest that it would be most suitable for investors who are willing to take higher risks in exchange for the potential for greater reward. Therefore, investors with a higher risk appetite may be interested in investing in GENERAL MOTORS, as they could gain from the potential of greater returns should the company perform well. More…

Peers

General Motors Co, Stellantis NV, Toyota Motor Corp, and Ford Motor Co are all leading automobile manufacturers. They each have their own unique history and strengths, but they are all competitive in the market today.

– Stellantis NV ($NYSE:STLA)

Stellantis NV is a holding company that was created in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company is headquartered in the Netherlands and is majority owned by the French automaker Groupe PSA. Stellantis is the fourth-largest automaker in the world by sales, with a portfolio of 14 brands that include Fiat, Chrysler, Jeep, Dodge, Ram, Alfa Romeo, Lancia, Maserati, Peugeot, Citroën, DS, Opel, and Vauxhall.

– Toyota Motor Corp ($TSE:7203)

Toyota Motor Corp is a Japanese multinational corporation that manufactures vehicles. It has a market cap of 27.43T as of 2022 and a Return on Equity of 11.32%. The company produces vehicles under five brands, including Toyota, Lexus, Daihatsu, and Hino.

– Ford Motor Co ($NYSE:F)

Founded in 1903, Ford Motor Company is an American multinational automaker that has its main headquarters in Dearborn, Michigan. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom, and a 49% stake in Jiangling Motors of China. It also has joint-ventures in China, Taiwan, Thailand, Turkey, and Russia. The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power.

As of 2022, Ford Motor Company’s market capitalization is $47.32 billion, and it has a return on equity of 23.7%. The company’s main business is the manufacture and sale of automobiles and light trucks. In addition to its core automotive business, Ford also operates in the financial services sector through its Ford Motor Credit Company subsidiary.

Summary

General Motors (GM) is a leading global automotive manufacturer that has recently announced a new partnership with POSCO Future M to expand its electric vehicle (EV) battery supply chain in North America. This strategic move is expected to strengthen GM’s EV business and further encourage the adoption of electric vehicles across the continent. While this news may have had a positive impact on GM’s stock price, investors should take a longer-term view when considering this investment opportunity. Analysts have praised GM’s commitment to EV technology and increased production capacity, which could lead to significant profit growth in the near future.

Additionally, GM is committed to improving its environmental performance and has been making strides in this area over the past few years. All these factors make GM an attractive investment for investors looking for a long-term play.