Company Overview
American automaker investing heavily in EV transition through its Ultium battery platform, with plans to produce over 1 million EVs annually by mid-decade.
Commodity Exposures
Price Sensitivity
GM's Ultium battery platform gives the company direct exposure to lithium, nickel, cobalt, and manganese prices. The company's joint venture with LG Energy Solution for battery cell manufacturing in Ohio and Tennessee represents billions in commodity-intensive capital investment. Traditional ICE vehicle production continues to consume approximately 2,000 lbs of steel and 300 lbs of aluminum per vehicle.
Related ETFs
CARZ
DRIV