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GM CEO Mary Barra says it makes sense to keep EV business in house

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General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan.

Photo by Steve Fecht for General Motors

General Motors CEO Mary Barra on Wednesday once again pushed back on the company spinning off its emerging electric-vehicle battery business.

Keeping the unit within GM will create more value for the company than spinning it off, Barra said.

“For an electric vehicle, it’s all about the battery,” she told CNBC’s “Squawk on the Street.” “I think keeping that technology close and leveraging the deep battery expertise we have at General Motors is the way we’re going to accelerate that value creation.”

Barra touted…



Source cnbc.com

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