GM
General Motors Company (NYSE: GM) may scrap plans to use lower-cost, iron-based battery chemistry to cut...
Article Summary
HOLD- General Motors Company (NYSE: GM) may scrap plans to use lower-cost, iron-based battery chemistry to cut electric-vehicle costs, GM's head of battery technology said.
- The Detroit automaker had said it planned to develop lithium-iron phosphate batteries for use in future EV models and would begin making those batteries in late 2027 at a jointly owned plant in Tennessee, but GM battery chief Kurt Kelty told Reuters that GM instead is focused on developing a different battery chemistry, lithium manganese-rich, or LMR, which General Motors Company has said costs significantly less.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -2.0% | 25% | 0.0 ptsDeclining (-2.0%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 12.9% | 25% | 35.0 ptsBelow Screener (12.9%) - Modest outlook |
| Target Price Upside ? | 22.5% | 20% | 70.0 ptsGood Upside (22.5%) - Target: $97.26 vs Current: $79.40 |
| Gross Margin % ? | 6.1% | 15% | 10.0 ptsRazor-Thin (6.1%) - Weak pricing power |
| Drawdown from 52-Wk High ? | -9.4% | 15% | 20.0 ptsBarely a Dip (-9.4%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About GM
- General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide.
- It operates through GM North America, GM International, and GM Financial segments.
- The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.
- In addition, it sells trucks, crossovers, cars, and automobile parts through retail dealers, distributors and dealers, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments.
- Further, the company offers various range of after-sale services through dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories, and extended service warranties.
- Additionally, it provides automotive financing; and software-enabled services and subscriptions.
- General Motors Company was founded in 1908 and is based in Detroit, Michigan.