LG Chem.
with our joint venture partner LG Energy Solution is another major step in our transition to an all-electric future,” said GM CEO Mary Barra in the company’s news release.
Morgan Stanley’s Adam Jonas, for instance, worries that there might not be enough batteries to meet all auto makers’ EV ambitions.
The possibility that there might be shortages is one reason companies are investing in their own factories to produce them, rather than taking their chances in the marketplace.
That is still a discount to the market’s P/E ratio of 24 times, but the figure for GM has been in the single digits for years.
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