General Motors is resetting its electric vehicle strategy by hiring a former Lucid Motors executive, cutting jobs, and shifting towards lithium manganese rich (LMR) battery technology. These changes come as investors evaluate GM’s stock performance, which has shown strong long-term returns but recent short-term declines. The company aims to manage costs and refine its EV roadmap, with analysts suggesting the stock is currently undervalued.
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General Motors Resets EV Plans As Investors Weigh Valuation Upside
General Motors is resetting its electric vehicle strategy by hiring a former Lucid Motors executive, cutting jobs, and shifting towards lithium manganese rich (LMR) battery technology. These changes come as investors evaluate GM’s stock performance, which has shown strong long-term returns but recent short-term declines. The company aims to manage costs and refine its EV roadmap, with analysts suggesting the stock is currently undervalued.