GM plans to make money off software

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General Motors (GM) plans to position itself as a technology platform provider that is equally focused on software and electric vehicle manufacturing. According to the source, who received information from anonymous informants familiar with the company’s plans, the corresponding business development strategy will be presented at the meeting with investors, which will be held next Wednesday. In addition, during the event, the company will announce the release of at least 20 electric vehicle models in the US market over the next few years.

GM plans to make money off software

The largest American automaker expects to attract new investors and achieve a market value close to that of the leader in the electric vehicle market, Tesla.

The company plans to spend $ 35 billion on electric and self-driving vehicles by 2025. Details of the plan are due on Wednesday, including five-year revenue and profit growth targets.

GM’s revenue last year was nearly $ 122.5 billion.

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