No Option, GM has Never Opportunity to Come Back to the European market.

#TeslaFans #teslanews #teslamotorfans #gigaberlin Please Subcribe my channel: http://bit.ly/3clkTm6 ===== No Option, GM has Never Opportunity to Come Back to the European market. Yahoo Finance: https://www.youtube.com/c/YahooFinance Hagens Berman: https://www.youtube.com/channel/UCt_qVrOsA8YeHKS8vxTSsZw Tesla Owners Online : https://www.youtube.com/channel/UCry4jW5bcj9DIs7ZwA95Ylw ===== No Option, GM has Never…

No Option, GM has Never Opportunity to Come Back to the European market.

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#TeslaFans #teslanews #teslamotorfans #gigaberlin
Please Subcribe my channel: http://bit.ly/3clkTm6
=====
No Option, GM has Never Opportunity to Come Back to the European market.
Yahoo Finance: https://www.youtube.com/c/YahooFinance
Hagens Berman: https://www.youtube.com/channel/UCt_qVrOsA8YeHKS8vxTSsZw
Tesla Owners Online : https://www.youtube.com/channel/UCry4jW5bcj9DIs7ZwA95Ylw
=====
No Option, GM has Never Opportunity to Come Back to the European market.
“We started launching the ultimate platform in the year with the GMC Hummer EV it’s also now being launched with the Cadillac Lyric that’s coming out of spring hill.” (5:02- 5:11). GM’s Mary Barra: “We can re-enter Europe as a fully electric car player” However, despite all of GM’s efforts, CEO GM still doesn’t have any chance of entering Europe.
So, why can’t GM enter the European market?
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After nearly 90 years there, GM left Europe when it sold the German Opel and UK Vauxhall brands in 2017. Opel and Vauxhall have lost money for 20 years in a row.
“This has been a difficult decision for General Motors,” Barra said in 2017. “But we are united in our belief that it was the right decision.”
Now GM CEO decided to return to Europe again. However, Mary Barra is facing a series of obstacles in Europe. Even GM’s electric cars may be banned in this market.
“Electric vehicles of GM just have never really sold well there.” said CFRA analyst Garrett Nelson. The European market is fragmented, made up of several countries. It is dominated by European brands, such as the three major German manufacturers, BMW, Mercedes-Benz, and Volkswagen. In addition, Tesla is also entering this market.
Firstly, GM loses its competitive price advantage in the European market. The 2022 GMC Hummer EV Pickup starts at $110,595 for the Edition 1 model. As time improves, priced versions will arrive between $80,000 and $100,000. The 2022 GMC Hummer EV is the new arrival from a brand long associated with rugged off-road capability. GMC Hummer EV is two times higher than Volkswagen electric truck.
Moreover, GM’s cars are not yet eligible to enter the European market.
According to EU guidelines on battery matters, electric-vehicle batteries shall have an electronic record, unique for each battery, to be identified through a unique identifier. The “battery passport” will register and provide public information about every battery model placed on the EU market. However, GM’s electric vehicle battery does not have any “battery passport” information. This has made GM ineligible to enter the European market.
No Option, GM has Never Opportunity to Come Back to the European market.
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