GM is at ‘an inflection point in innovation,’ analyst says after factory visit

Last week Wedbush analyst Dan Ives teased his upcoming analysis of GM (GM) following a factory visit, claiming the automaker was the most “underestimated” in the industry. Today we have his full report — which sticks with his bullish theme.

“On the tour section at GM HQ, we were able to see the company’s battery & innovation facility along with the vehicle design studios, the two critical areas GM is betting the company’s future on for the coming decades,” Ives wrote in a note to investors. “After the day, it was clear to us that GM is at an inflection point in innovation, spearheading the overall shift to EV with vehicle quality, a goal-oriented employee base, and profitability/cash flow all in mind.”

Ives’s visit to GM and subsequent analysis of the trip comes after last month’s GM investor day event in New York City, where the company updated its EV gameplan.

The automaker said then that its EV portfolio will be “solidly profitable in 2025” in North America,…

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This article was written by and originally published on finance.yahoo.com