GM to start selling battery technology to raise funds for the development of electric vehicles like the Silverado E
General Motors hopes to raise up to $ 20 billion by 2030 by selling its EV technology to other industries. A portion of this income could also come from the sale of electric conversion kits which could be used to retrofit older vehicles. This is great news for classic car enthusiasts and owners. GM is looking to raise money to finance future projects like the Silverado EV and the 2024 HUMMER EV SUV.
âGM has an established strategy, network of integrators and co-development agreements to apply a wide range of components and solutions to a wide range of customers and use cases,â said Travis Hester, vice president of electric vehicle growth operations at GM. âAs companies across many industries seek to reduce their environmental impact, GM is uniquely positioned to serve as a leader not only through exciting new electric vehicles across our brands, but through additional technology applications, and we are looking forward to bringing customers – existing and new – with us on our zero emission journey.
GM will offer aftermarket EV kits to modernize vehicles
One of the most interesting aspects of the information being announced today is that GM will help owners of older vehicles switch their powertrains to EV technology. Chevy Performance will sell an eCrate package to aftermarket customers. Vehicle owners will be able to work with qualified installers under GM’s Specialized Electric Vehicle Modifiers (eSVM) program. Installers were trained to replace a vehicle’s internal combustion engine with a fully electric propulsion system.
Lingenfelter Performance Engineering has already electrified an incredible 1972 El Camino SS using an eCrate concept package. GM has already tested its eCrate conversion kit on the E-10 pickup, K-5 Blazer-E, eCOPO Camaro and Project X built in conjunction with Cagnazzi Racing’s eCrate Solutions group. Chevrolet Performance will launch its conversion program in 2022.
GM’s future EV plans
The auto giant today unveiled several of its plans to sell its battery and fuel cell technology. I reported last month that GM was marketing its Ultium battery platform to the marine industry for boats. He also works on the electrification of propulsion systems for planes and trains. GM previously announced partnerships with specific companies such as electric boat company Pure Watercraft.
GM is now also working with Textron Ground Support Equipment to electrify its TUG line of baggage tractors and belt loaders. The intention is to use lithium-ion electric powertrains for airport equipment around the world.
âOur customers will benefit from GM’s extensive network of resources, support and experience as an innovator in electrification,â said Hester. âAs we advance our Ultium platform and other zero-emission technologies, we anticipate smaller, more affordable, and more flexible components and offerings over time. “
GM says it will provide more information on its plans to sell its technology to other industries in the future.
Photos of the general manager
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