Bet on electric cars by investing $27 billion in Tesla GM.

Recently, General Motors announced that it will invest 27 billion US dollars (about RMB 177 1 100 million yuan) in the field of electric vehicles and autonomous driving technology in the next five years, and strive to bring products to market quickly. It is reported that compared with the $20 billion investment plan announced by GM in March this year, the investment amount has increased by $7 billion, which will account for more than half of GM's overall capital investment, and the increase rate exceeds 35% of its investment in fuel vehicles.

General purpose of acceleration: 30 electric vehicles in 5 years.

Specifically, GM first accelerated the strategic planning schedule and planned to add more electric vehicles. By 2025, GM will launch 30 electric vehicles in the global market, two-thirds of which will be put into the North American market. GM said that electric vehicles will cover many brands including Cadillac, GMC, Chevrolet and Buick. At the same time, in the China market, the proportion of new energy in new models will exceed 40%.

According to GM's acceleration plan, the launch of Cadillac's new pure electric SUV lyr IQ will be 9 months ahead of schedule to the first quarter of 2022. We learned from relevant channels that the introduction of new cars into the China market will also keep pace with the world.

Doug Parks (Doug? Parks) said that Tesla will be regarded as a strong competitor in the field of electrification, but still hopes to become a leader in this industry. In addition to shortening the development cycle of new cars, GM will also increase the research and development of battery technology to enhance its overall competitiveness, including cooperation with LG? Chem*** jointly established a joint venture company to build a highly modular technical platform for the battery and electric drive unit Ultium, which can carry 19 different types of batteries and electric drive units, including 400V and 800V battery packs, with storage ranges from 50kWh to 200kWh. It is understood that the maximum cruising range of electric vehicles equipped with Ultium batteries can reach 724 kilometers.

In addition, GM has also expanded its recruitment scale, and the company will recruit 3,000 developers of other platforms such as electrical systems, infotainment software, Android and iOS.

Traditional car companies are making efforts, and Tesla is eyeing.

With the increasingly fierce competition in the global electrification market, many traditional models have shown urgent electrification determination. In addition to GM, Audi AG, an old German car company, also announced that it will invest 33 billion euros (about 257 1 100 million yuan) in the R&D and production of electric vehicles by 2024. By 2025, Volkswagen plans to produce 6,543,800+0.5 million electric vehicles.

Previously, Daimler Group was also accelerating its electrification strategy. According to the official plan, by 2030, Daimler Group will make the sales of electric vehicles account for more than half of new car sales, among which Mercedes-Benz, Mercedes -AMG, Mercedes-Benz-Maibakh and Mercedes-Benz G-Class will all welcome pure electric vehicles. At the same time, the group will also develop two pure electric vehicle platforms and independent automotive software systems.

Although traditional car companies have begun to transform, the threat of Tesla is still not to be underestimated in the global electric vehicle market. According to public information, as of June this year 1 1, Tesla's global cumulative sales accounted for 18% of the global electric vehicle market sales, ranking first. In the American market, models? 3 and model? Y's sales are still far ahead, and brand sales account for nearly 80% of the total sales in the US market. Although Audi ag gradually narrowed the gap with Tesla with ID series, it still failed to shake Tesla's leading position. Volkswagen CEO Diss also said in public that it will take at least three years to catch up with Tesla in software research and development.

The road to electrification is "long and long"

From June 5438 to February 2020, Tesla will officially enter the Standard & Poor's 500 Index. Goldman Sachs predicts that this incident will cause Tesla's share price to rise by more than $8 billion. As of press time, Tesla's current market value is $464,654.38+0 billion (about RMB 3.04 trillion), far exceeding the market value of GM's $665,438 +0.6 billion (about RMB 4,046,543.8+0 billion).

As a veteran car company with the tenth anniversary of listing, GM's performance in the capital market has been far surpassed by Tesla, which was listed in the same period. In the past decade, GM is estimated to have increased by less than 30%, while Tesla's share price has increased by more than 4,000%. At present, its share price is more than 10 times that of GM.

In addition, in terms of product sales, in the third quarter, Tesla * * * produced 654.38+045 million new cars and delivered nearly 654.38+040 million new cars, creating a record single-quarter production and sales volume. In the third quarter of this year, Tesla achieved revenue of 8.8 billion US dollars (about 57.7 billion yuan), a year-on-year increase of 39%; The net profit attributable to ordinary shareholders of Tesla was USD 3,365,438+0,000, up by 65,438+0,365,438+0% year-on-year. This is Tesla's fifth consecutive quarter of profitability. In contrast, in the third quarter, although GM's net profit surged by 74% compared with the same period of last year, there is still a big gap with Tesla's growth rate. In the third quarter, GM's total global sales still declined year-on-year, and sales in most regions (except China) showed a downward trend.

Edit abstract

Electrification has become a major trend in the development of the automobile market. Tesla and other new forces building cars are eyeing. The model number is 202 1? After the official delivery of Y, it will seize new sales share in the electric vehicle market; At the same time, the transformation of traditional car companies is also difficult. GM is not the first car company to invest heavily in electrification, nor will it be the last. Relying solely on capital investment is not the whole meaning of transformation. Only by occupying an advantage and leading position in products can we survive in the fierce market competition. For GM, the road to electrification transformation needs time to prove.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.