Why GM's Newest Strategy Could Top Rival Ford
Key takeaways
- F NVDA GM TSLA Detroit automakers Ford Motor Company (NYSE: F) and General Motors (NYSE: GM) are taking a page out of electric vehicle (EV) giant Tesla s (NASDAQ: TSLA) playbook.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- GM s recent partnership with Peak Energy to develop next-generation sodium-ion battery cells will be used for grid-scale energy storage strategies.
F NVDA GM TSLA Detroit automakers Ford Motor Company (NYSE: F) and General Motors (NYSE: GM) are taking a page out of electric vehicle (EV) giant Tesla s (NASDAQ: TSLA) playbook. Last month, Ford announced that Ford Energy, a wholly owned subsidiary, will provide the U.S. market with battery energy storage systems (BESS) for utilities, large industrial and commercial customers, and artificial intelligence (AI) data centers. Let s take a look at GM s equivalent announcement, why it could have an advantage over Ford, and, using Tesla as an example, understand the new revenue stream s potential.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
GM s recent partnership with Peak Energy to develop next-generation sodium-ion battery cells will be used for grid-scale energy storage strategies. The agreement calls for GM to develop the sodium-ion cells in its Michigan battery labs, and the automaker will retain exclusive manufacturing rights. GM has invested in Peak Energy, and the latter will use the battery cells in its storage systems as it accelerates U.S. production.