GM Announces Expansion into Energy with New Division

Amid an industry-wide push by automakers to electrify their offerings, GM announced Tuesday (Oct. 11) it would move further into power charging and supply systems, according to a report by Industry Week. In a release, General Motors Inc., said it would form a new division, GM Energy, which will offer electric-vehicle charging systems, solar panels and related products to consumers and businesses.

Ultium LLC, GM’s joint venture with LG Energy Solution, will take a key role in the new division. In its Oct. 11 announcement, GM said two new groups, Ultium Home and Ultium Commercial, would be inaugural members of GM Energy, next to the existing company Ultium Charge 360, which supports networks of EV charging stations and installs home-grid vehicle chargers.

In addition to software tools for customers, the new division is slated to offer a wide spread of home- and business power-management products, including, GM says, bidirectional charging systems for EVs, stationary batteries, solar panels, and hydrogen fuel cells.

Read the full report by Industry Week.

Source: https://rvbusiness.com/gm-announces-expansion-into-energy-with-new-division/