MGA - GM's electric push to set off sparks across the electric vehicle sector

General Motors ([[GM]] +3.9%) is moving full speed ahead on its plan to bring 30 EV models to market by 2025 on its proprietary Ultium platform. The development is called positive by Wedbush Securities for the electric vehicle market as a whole. "With battery technology the linchpin, GM says its battery technology will allow electric cars to travel 400 miles on a single charge without compromising driving performance which would exceed Tesla’s projected range for its Model 3," writes analyst Dan Ives. "In our opinion this is a very bullish signal for the EV sector domestically and we believe is a shot across the bow at Tesla and other EV players that GM will be aggressively going after EVs and is not just talking the talk with this latest news. With the Biden Green Agenda on the horizon, we believe other automakers could follow GM's lead domestically with Tesla continuing

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GM's electric push to set off sparks across the electric vehicle sector