The move, which follows earlier GM initiatives on next-generation batteries, comes as the Detroit automaker looks to build a vertically integrated electric car business, comparable to Tesla, inside its ongoing operations. According to a GM media release viewed by Reuters, the automaker is set to announce that it has designed and plans to produce on its own five interchangeable drive units and three motors, which it calls the “Ultium Drive” system. GM said its new electric drive systems, sometimes referred to as e-axles in the industry, will have a versatile enough power output to allow them to be …read more
Source:: Yahoo Finance
