GM is selling stake in battery plant to LG, but not giving up on EVs

From Nasdaq: 2024-12-04 11:17:30

General Motors (NYSE: GM) is selling its stake in a battery plant to LG Energy Solution, sparking speculation about a pullback on EVs. However, this move is part of a strategic business model shift that aligns with GM’s long-term strategy. Stock prices used were as of Dec. 2, 2024.

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Travis Hoium, affiliated with The Motley Fool, holds positions in General Motors. The Motley Fool recommends Tesla and General Motors, emphasizing long January 2025 $25 calls on GM. Their opinions are independent, and any compensation received does not influence their views. Subscribe through their link to support their channel.



Read more at Nasdaq: Is GM Giving Up on Electric Vehicles (EVs)? Not So Fast