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) focuses on going all-in on electric vehicles by selecting two combined $3 billion home state Michigan sites this week. One will be a conversion of its assembly plant in Orion for EV truck assembly. The other is near Lansing, a 50-50 joint venture battery plant with partner LG. Both investments are positives for EV Charging Station installers like Solar Integrated Roofing Corp. (OTC PINK: SIRC) because it reaffirms the growth of electric cars.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry 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), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (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 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

Mary Barra, CEO of General Motors (NYSE: GM), says the $3 billion EV investment for both facilities — plus LG’s $1 billion JV share — is an efficient exercise.

“We can leverage and go faster because of the existing (factory) footprint that we have,” Barra said.

She has government federal and state tailwinds behind building electric cars and trucks. EVs may represent only 4% of the total U.S. new car sale population through November, but that number is sure to rise quickly.

The positive impact of leader Tesla (NASDAQ: TSLA) and successful IPO of Rivian (NASDAQ: RIVN) with its stock trading last evening after hours at $118.30, means that Wall Street likes what it sees.

The support network of EV Charging Station installers will only benefit from EV’s growth. Solar Integrated Roofing Corp. (OTC PINK: SIRC) through its PLEMCo. subsidiary competes in the EV Charging Station space.

Tesla, the leading EV vehicle OEM manufacturer, additionally owns 56% of the electric charging market. However, Tesla’s EV Charging Stations are mostly proprietary to Tesla itself. OEM Electric Car Makers, From Ford (NYSE: F) to General Motors (NYSE: GM), are or already have chosen Electric Charging Station partners.

According to The Wall Street Journal, GM (NYSE: GM) is still looking for more electric vehicle assembly plants for future production. To EV Charging Station installers, like SIRC’s PLEMCo., it is still very early in this sector to gain market share. 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.

The government has found some 80% of all charges are done at home. So solar installers like SIRC are especially attractive partners because their crews are already in the home performing installations of solar and roofing already.

SIRC’s PLEMCo. has been successful in winning government contracts to build EV Charging Stations. And SIRC itself is an applicant for some $100 million in new federal grants to help build more EV Charging Stations, under President Biden’s newly-passed Infrastructure Law.

The Federal government is providing tailwinds under its newly-passed ‘Infrastructure’ Biden administration law. But that $1 trillion law with incentives of about $7.5 billion for the EV industry cannot on its own force consumer sales. Too many potential electric vehicle buyers simply want more EV Charging Stations.

Firms like Solar Integrated Roofing Corp. (OTC PINK: SIRC) are more bullish than ever on the future of its subsidiary PLEMCo.’s EV Charging Station business. 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.

Everything is at stake. Tesla may be the most visible electric car company to most consumers, but Wall Street investors know better. They are betting on Rivian (NASDAQ: RIVN), startups like Foxconn, and the move by General Motors (NYS: GM) and Ford (NYSE: F) into all-electric cars and trucks in the near future. The EV and EV Charging Station spaces are wide open for newcomers.

General Motors (NYSE: GM) plans to introduce 30 all electric vehicle models globally by 2025, beginning with its first electric pickup truck being shown trade events— a competitor to Ford’s (NYSE: F) new ‘Lightning,’ an electric version of its best-selling ‘150’ pickup truck.

The EV Charging Station industry, supporting the electric car industry, is seen as a sweet spot in the future. GM’s goal is $280 billion by 2030 in electric cars, as it partners with EV charging company EVgo (NASDAQ: EVGO) for the installation of fast chargers. EVgo may have the inside track to install 2,500 chargers for GM by the end of 2025. For SIRC’s PLEMCo. subsidiary, EV Charging Stations are a major opportunity.

Electric car sales in the U.S. are soaring, more than doubling in the 1st half of 2021with Ford (NYSE: F), General Motors (NYSE: GM) and foreign OEM makers, such as Mercedes-Benz, Volkswagen and BMW AG, are setting self-imposed deadlines of 2030 for all-electric model lines. EV Charging Stations — especially fast charging stations — are a key factor in supporting electric vehicle sales.

SIRC is a proponent of an eco-system of green energy. The EV Charging Station sector is an important space for SIRC, in addition to its roofing, solar and rechargeable solar battery businesses.

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

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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