Warren — General Motors Co. told investors Wednesday it plans to rapidly scale electric vehicle production and build out its new businesses to double revenuesto about $280 billionby 2030 and increase profit margins.
As it transitions to an electric automaker, GM is also focused on becoming known as a tech company with digital subscription service offerings it plans to monetize, as well other new businesses it recently introduced, including BrightDrop, which is focused on developing electric solutions for the delivery and logistics industry.
GM aspires to have an emissions-free lineup by 2035 and 1 million EVs on the road globally by 2025. To get there, it plans to spend $35 billion on electric and autonomous technology development by mid-decade. The automaker plans to introduce 30 EVs globally in that same timeframe, with two-thirds available in North America.