AUTO - In 2023 Gm's (GM Stock) Cruise Plans to Enter Many Markets
Cruise, the robotaxi division of General Motors Company ( GM Stock ), intends to enter a “large number of markets” and scale operations up to “thousands of vehicles” in the year 2023, according to statements made by Chief Operating Officer Gil West to Reuters.
San Francisco is currently Cruise’s base of operations, but the company recently announced that it would soon begin offering rides in Austin and Phoenix in addition to San Francisco. West stated that the organization has ambitions to expand to additional cities in 2023.
He said, “You’ll probably see us expand the number of markets by a significant number next year.” Cruise is confident that it will be able to speed up the implementation of its technology in other cities by utilizing a “repeatable playbook” developed in San Francisco, Austin, and Phoenix. According to what he said, they should start delivering revenue numbers with more zeros.
According to West, the fact that the cost of Cruise’s planned launch of the Origin, which is designed as a purpose-built automated vehicle, will be lower “is a huge unlock” for the company.
At this time, Cruise is conducting human-operated Origins testing in San Francisco. In 2023, we anticipate beginning full-scale production of the product. Cruise has been operating its limited service in San Francisco with a small fleet of Chevrolet Bolt EVs up until now.
Additionally, Cruise is working on expanding its delivery services, and the company’s website features a prototype of an Origin that has been fitted with lockers for storing goods. Walmart is an investor in Cruise and is in the process of testing the service at eight of its stores in Phoenix. According to West, delivery possesses “the potential to be a significant part of the business.”
When 2023 rolls around, Wall Street will keep ...
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