General Motors Co plans to launch a new family of electric vehicles in 2021 that will cost less to build and make a profit for the US number one automaker, chief executive Mary Barra told investors on Wednesday.
Her plans represent a direct challenge to money-losing electric vehicle specialist Tesla Inc, which is struggling to get its more affordable, high-volume Model 3 launched and recently reported its largest-ever quarterly loss.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!