GM's flexible, modular approach to EV development will drive significant economies of scale and create new revenue opportunities, including: 

• Continuous Improvement in Battery Costs: GM's joint venture with LG Chem will drive battery cell costs below $100/kWh. The cells use a proprietary low cobalt chemistry and ongoing technological and manufacturing breakthroughs will drive costs even lower.
• Flexibility: GM's all-new global platform is flexible enough to build a wide range of trucks, SUVs, crossovers, cars and commercial vehicles with outstanding design, performance, packaging, range and affordability.
• Capital Efficiency: GM can spend less capital to scale its EV business because it is able to leverage existing property, including land, buildings, tools and production equipment such as body shops and paint shops.
• Complexity Reduction: The vehicle and propulsion systems were designed together to minimize complexity and part counts beyond today's EVs, which are less complex than conventional vehicles powered by internal combustion engines. For example, GM plans 19 different battery and drive unit configurations initially, compared with 550 internal combustion powertrain combinations available today.
• Rising Customer Acceptance: Third-party forecasters expect U.S. EV volumes to more than double from 2025 to 2030 to about 3 million units on average. GM believes volumes could be materially higher as more EVs are launched in popular segments, charging networks grow and the total cost of ownership to consumers continues to fall.
• New Sources of Revenue: By vertically integrating the manufacture of battery cells, the company can reach beyond its own fleet and license technology to others.

The first generation of GM's future EV program will be profitable. The initial programs will pave the way for further accretive growth. GM's technology can be scaled to meet customer demand much higher than the more than 1 million global sales the company expects mid-decade.