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GM Stock Value Reaches All-Time High

GM stock value surged on Tuesday, reaching a new high of $48.95 as of this writing, a record for the “new GM.”

The rise in GM stock value coincides with a variety of future-leaning reveals and debuts for the automaker at the ongoing Consumer Electronics Show (CES) technology conference.

One of the debuts includes the reveal of BrightDrop, a new business venture focused on building battery-driven delivery solutions and commercial products. The new division will offer a raft of new vehicles, creating “an ecosystem of electric first-to-last-mile products, software and services to empower delivery and logistics companies to move goods more efficiently,” per a company press release.

EP1 pallet

EP1 pallet

The new business seeks to unlock business-to-business solutions through expansion of General Motors’ various all-electric vehicle technology, including the Ultium platform, as well as software and service opportunities.

BrightDrop’s firs product to market will be the EP1, a propulsion-assisted electric pallet with a payload capacity of 200 pounds and adjustable speed up to 3 mph. Then there’s the EV600, a light commercial vehicle designed for delivery services packing up to 250 miles of range, 600 cubic feet of cargo space, and a variety of safety tech as well.

EV600 van

EV600 van

GM stock value was also undoubtedly bolstered by the reveal of several future concept vehicles, such as the Cadillac Personal Autonomous Vehicle, a self-driving luxury robotaxi similar to Cruise Origin, and the Cadillac Vertical Take-off and Landing drone, a single-seater electric helicopter running autonomous flight technology.

General Motors also reiterated its commitment to EVs, and continued development of its next-generation Ultium batteries.

The variety of concepts and product debuts at CES isn’t the only thing to propel the rise in GM stock value. Last week, General Motors also unveiled a new corporate logo, which includes lowercase script and a square border designed to look more modern and to recognize GM’s renewed focus on EVs. Furthermore, GM recently launched a new marketing campaign titled “Everybody In,” which seeks to promote the automaker’s range of upcoming electric models.

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Jonathan is an automotive journalist based out of Southern California. He loves anything and everything on four wheels.

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Comments

  1. Today is nothing, it will be skyrocketed to another galaxy. Currently any company somehow related to EVs is going bananas with more than thousand percent risings in less than a year. GM which is the only legacy automaker have serious EV game plan and have every advantage is still beyond dirt cheap.

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