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$General Motors (GM.US)$ Electric Boat is a great business f...
$General Motors (GM.US)$ Electric Boat is a great business for GM to enter with its strength on Ultium Baterry System and Manufacturing.
Pure Water Craft’s Outboard System cost $16,500 w/ one baterry pack, and $25,000 w/ 2 battery packs. Each battery pack carries 8.85KWH.
THat means PWC is charging $1,000 per KWH at the pack level.
We know that Ultium Battery costs $100/KWH at cell level, which is then 85% of cost of pack.
That means the 8.85KWH battery pack should cost GM $1,041 to produce, which is only 12.25% of what PWC is charging.
Sounds like a great business !
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want money : Well... there is the fact that GM has basically zero DNA in batteries and manufacturing electric motors.
Course they have Mary. You did it Mary!!!
Good luck GM.
T_shares : Honest question has GM produced a single car with its Ultium Battery System?
got the heart T_shares : The first ultium EV , Hummer Pickup, is in production now at Factory Zero.
Bull Bull 1 T_shares : First year Hummer EV production is sold out.
Lloyd Ghiorso Bull Bull 1 : The Caddie production is what 15,000 for the year??? This is a joke.
Squid Guy T_shares : Have they delivered a Hummer pick from Factory Zero yet?
Myrrh : Keto - so what? Model X sales were just around 15k last year, and year to date, Models S and X sales combined are just 13k.
Sammysparko :