|Bid||15.72 x 34100|
|Ask||15.73 x 21500|
|Day's Range||15.53 - 16.03|
|52 Week Range||7.57 - 16.45|
|Beta (5Y Monthly)||1.05|
|PE Ratio (TTM)||18.34|
|Earnings Date||Oct 27, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan 29, 2020|
|1y Target Est||15.46|
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Is GM stock a buy? General Motors' massive EV ambitions are about to cross the starting line, with the first two Ultium vehicles set to launch this year.
With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements on Monday showed how the global auto industry has kicked into a higher gear as it races to speed past the fossil-fuel car era. As part of its own 30 billion euro ($34.7 billion) electrification plan Stellantis - born out of a merger of PSA and Fiat Chrysler earlier this year - said it had entered a preliminary agreement with battery maker LG Energy Solution to produce battery cells and modules for North America, where the world's No. 4 automaker expects more than 40% of its U.S. sales will be electric vehicles (EVs) by 2030. That follows a recent announcement that Daimler AG will take a 33% stake in battery cell manufacturer Automotive Cells Company (ACC), founded in 2020 by Stellantis and TotalEnergies in 2020.
Power unit production in Halewood, Merseyside, is expected to begin in mid-2024.