General Motors (NYSE: GM) Focuses On Creating Electric Car/Battery Plants And Selects Two $3 Billion EV Projects In Michigan; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees More EV Charging Stations In Future
General Motors (NYSE: GM) is focusing on electric vehicles by selecting two locations in the home state of Michigan this week valued at $ 3 billion. One of them will be a conversion of the assembly plant in Orion for the assembly of electric vehicles. The other is near Lansing, a 50-50 joint venture battery plant with partner LG. Both investments are positive for installers of EV charging stations like Solar Integrated Roofing Corp. (OTC PINK: SIRC) because it reaffirms the growth of electric cars.
stockmarketpress.com offers specialized coverage of related stocks in the Solar, Roofing, EV Charging Stations, and Battery Charging Energy industries such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), Charging point (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), Solar power (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
General Motors (NYSE: GM) Focuses on Electric Car / Battery Power Plant Construction and Selects Two $ 3 Billion EV Projects in Michigan; Solar Integrated Roofing Corp. (OTC PINK: SIRC) sees more charging stations for electric vehicles in the future
Mary Barra, CEO of General Motors (NYSE: GM) says the $ 3 billion investment
“We can work more effectively and work faster because of the existing (factory) footprint we have,” said Barra.
It has a tailwind from the federal and state governments in the construction of electric cars and trucks. Electric vehicles may only account for 4% of total US new car sales through November, but that number is sure to rise quickly.
The positive influence of market leader Tesla (NASDAQ: TSLA) and successful IPO of Rivian (NASDAQ: RIVN) its after-hours stock trading last night at $ 118.30 means Wall Street likes what it sees.
The EV charging station installer support network will only benefit from EV growth. Solar Integrated Roofing Corp. (OTC PINK: SIRC) through his PLEMCo. Subsidiary competes in the field of EV charging stations.
Tesla, the leading OEM manufacturer of electric vehicles, also owns 56% of the electric charging market. However, Tesla’s EV charging stations are largely owned by Tesla itself. Ford OEM electric car maker (NYSE: F) to General Motors (NYSE: GM), are or have already chosen partners for electric charging stations.
According to the Wall Street Journal, GM (NYSE: GM) is still looking for more electric vehicle assembly plants for future production. For installers of charging stations for electric vehicles, such as PLEMCo. from SIRC, it is still very early to gain market share in this sector. General Motors (NYSE: GM) Focuses on Electric Car / Battery Power Plant Construction and Selects Two $ 3 Billion EV Projects in Michigan; Solar Integrated Roofing Corp. (OTC PINK: SIRC) sees more charging stations for electric vehicles in the future.
The government has found that around 80% of all charges are carried out at home. Solar installers like SIRC are therefore particularly attractive partners, as their crews are already at home and carry out solar and roof installations.
PLEMCo from SIRC. has successfully won government contracts to build electric vehicle charging stations. And SIRC itself is an applicant for around $ 100 million in new federal grants to help build more electric vehicle charging stations under President Biden’s newly passed Infrastructure Act.
The federal government is giving a tailwind with its newly passed Biden Administrative Law “Infrastructure”. But this $ 1 trillion bill, with roughly $ 7.5 billion in incentives for the electric vehicle industry, cannot enforce consumer sales on its own. Too many potential EV buyers simply want more EV charging points.
Firms like Solar Integrated Roofing Corp. (OTC PINK: SIRC) are more optimistic than ever about the future of the EV charging station business of their subsidiary PLEMCo. General Motors (NYSE: GM) Focuses on Electric Car / Battery Power Plant Construction and Selects Two $ 3 Billion EV Projects in Michigan; Solar Integrated Roofing Corp. (OTC PINK: SIRC) sees more charging stations for electric vehicles in the future.
Everything is at stake. Tesla may be the most visible electric car company to most consumers, but Wall Street investors know better. You’re betting on Rivian (NASDAQ: RIVN), Startups like Foxconn and the move of General Motors (NYS: GM) and Ford (NYSE: F.) in all-electric cars and trucks in the near future. The EV and EV charging stations are wide open to newcomers.
General Motors (NYSE: GM(NYSE: F) new “Lightning”, an electric version of its best-selling pickup truck “150”.
The EV charging industry, which supports the electric car industry, is seen as the sweet spot of the future. GM’s goal is $ 280 billion in electric cars by 2030 as it works with EV charging company EVgo (NASDAQ: EVGO) for installing quick chargers. EVgo could install 2,500 chargers for GM by the end of 2025. For PLEMCo from SIRC. Subsidiaries are charging stations for electric vehicles a great opportunity.
Electric car sales in the US are skyrocketing and will double in the first half of 2021 with Ford (NYSE: F.), General Motors (NYSE: GM) and foreign OEM manufacturers such as Mercedes-Benz, Volkswagen and BMW AG are setting their own deadlines for fully electric series by 2030. Charging stations for electric vehicles – especially fast charging stations – are a key factor in supporting the sale of electric vehicles.
SIRC is a proponent of a green energy eco-system. The EV charging sector is an important area for SIRC, in addition to the roofing, solar and rechargeable solar battery businesses.
General Motors (NYSE: GM) Focuses on Electric Car / Battery Installation and Selects Two $ 3 Billion Electric Car Projects in Michigan; Solar Integrated Roofing Corp. (OTC PINK: SIRC) sees more charging stations for electric vehicles in the future
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: stock market press
Subscribe to the Stock Market Press newsletter for the latest information on IPOs, market commentary and company profiles.
Stock Market Press is a financial news company that delivers breaking news and introducing private and public companies to a broad audience of investors, consumers, journalists and the general public through social media and a rapidly growing network.
Stock market press
New York, NY 10005 [email protected] https://twitter.com/PressStock
Safe Harbor Declaration:
Statements in this press release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or other statements regarding our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business, some of which are based on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. As a result, actual results and results can and will differ materially from those expressed or projected in any forward-looking statements due to numerous factors. All forward-looking statements speak only as of the date of this press release, and Stock Market Press assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.
See Stock Market Press Disclaimer: http://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press
COMTEX_398901569 / 2785 / 2021-12-14T08: 09: 40