Now Mary Barra, CEO Of General Motors (NYSE: GM), Says Her Company Will Sell More Electric Cars In US ‘Than Anyone Else, Including Tesla’ After Jim Far-ley, CEO Of Ford (NYSE: F), Said His Company Would ‘Catch’ Tesla (NASDAQ: TSLA); Solar Integrated Roofing Corp. (OTC PINK: SIRC) Focuses On Fast-Growing EV Charging Station Business

 In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: EVGO, NASDAQ: FSLR, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NYSE: CHPT, NYSE: F, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC

Mary Barra, CEO of General Motors (NYSE: GM) says that by offering a full range of EVs starting at $30,000 and below, GM will sell more electric cars — including Tesla — in the U.S. by mid-decade. She said that in a Yahoo! interview shortly after Jim Farley, CEO of Ford (NYSE F), predicted on a recent earnings call that Ford would ‘catch’ competitor Tesla (NASDAQ: TSLA) saying, “We’re not going to compete or serve our customers the same way they (Tesla) are. We’re going after pickup trucks, commercial vans, and Mustangs that will have Detroit swagger.” Both comments reinforce the decision by Solar Integrated Roofing Corp. (OTC PINK: SIRC) to refocus its business plan o the fast-growing EV Charging Station business.

 

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).

 

Now Mary Barra, CEO Of General Motors (NYSE: GM), Says Her Company Will Sell More Electric Cars In US ‘Than Anyone Else, Including Tesla’ After  Jim Farley, CEO Of Ford (NYSE: F), Said His Company Would ‘Catch’ Tesla (NASDAQ: TSLA); Solar Integrated Roofing Corp. (OTC PINK: SIRC) Focuses On Fast-Growing EV Charging Station Business

 

Mary Barra said in the interview, “Remember, we’re not just selling primarily at the premium end. We’re going to have electric vehicles affordable at $30,000. And in our joint venture with Honda we’re going to have something even more affordable that that with our affordable electric vehicle.

 

“It’s a little bit longer game. We’re taking all the steps to do it right. We want to make sure we have a full portfolio of vehicles and we have said by mid-decade that we will be selling more EVs in this country than anyone else — including Tesla.”

 

Now Mary Barra, CEO Of General Motors (NYSE: GM), Says Her Company Will Sell More Electric Cars In US ‘Than Anyone Else, Including Tesla’ After Jim Farley, CEO Of Ford (NYSE: F), Said His Company Would ‘Catch’ Tesla (NASDAQ: TSLA); Solar Integrated Roofing Corp. (OTC PINK: SIRC) Focuses On Fast-Growing EV Charging Station Business

 

While Farley is focusing on Detroit ‘muscle cars’ for EV domination, Barra is asserting that by offering lower priced electric cars  — in multiple GM brands — GM will dominate electric car selling by mid-decade.

 

Farley cited his company’s successful F-150 pickup truck and the large number of reservation for its all-electric Lightning. “No has a pickup truck like this at $39,000.” The vehicle has 10,000 pounds of towing capacity, boasts a 320 mile range, 563 horse power and flies from 0-to-60 in just 4.4 seconds, he said.

 

The Company says it already has some 400,000 vehicles on its order books  coming out of March. Pent-up demand for Ford vehicles is greater than the company’s ability to produce them.

 

To SIRC, all of this demand for electric mid-priced vehicle product is great news. Rather than a focus on higher ticket Tesla electric vehicles, the consumer ‘want’ for lower ticket electric cars/trucks is perfectly positioned for EV Charging Station installers like SIRC that is focused on brands besides the proprietary Tesla chargers. Now Mary Barra, CEO Of General Motors (NYSE: GM), Says Her Company Will Sell More Electric Cars In US ‘Than Anyone Else, Including Tesla’ After Jim Farley, CEO Of Ford (NYSE: F), Said His Company Would ‘Catch’ Tesla (NASDAQ: TSLA); Solar Integrated Roofing Corp. (OTC PINK: SIRC) Focuses On Fast-Growing EV Charging Station Business.

 

By never introducing the lower ticket Tesla model Elon Musk, CEO and founder, long promised — Tesla is become vulnerable as an elite car — with price points unaffordable for many Americans. The result is that they may turn to $30,000 and below models offered by other OEM car makers — such as the Chevrolet brand.

 

Ford has opened a new segment internally — the’ e’ division away from its legacy car business complete with its own P&L to house its now unprofitable but fast-growing electric car business. Currently, ‘e’ produces the Mustang Mach-E and F-150 Lightning pickup truck. It will be a lucrative business: Electric charging stations are projected to reach $111.90 Billion by 2028 with a 30.26% CAGR jump, says Fortune Business Insights.

 

Ford’s ‘e’ division is housed in the same plant where the company perfected its assembly line system of automotive production. As Ford (NYSE: F) and General Motors ((NYSE: GM) ramps up electric models in the mid-priced affordable range, the future in this business looks bright for SIRC and other EV Charging Station installers.

 

As it does so, in anticipating of launching into the market its new electric models —  the Mustang Mach-E and F-150 Lightning pickup truck — it is aiming to roll out to its fleet customers electric charging equipment for home and depot charging stations to make the transition to all electric vehicles simpler.

 

When the Ford-150 model is launched in the Spring, the company will also offer standard a Ford Mobile Charger. For longer-range vehicles, Ford will also offer options for additional charging station accessories free with the vehicle.

 

To SIRC, all this bodes well for its devision to refocus its business plan to concentrate on EV Charging Stations. At the end of the day, fleet and consumer purchasers of electric Ford vehicles will want to use conventional EV Charging Stations. Although a greater number of OEM electric vehicle manufacturers will want to use their own charging equipment, SIRC is betting on the increasing role it can play in the soaring EV Charging Station industry.

 

SIRC has already made the decision about the growing importance of EV Charging Stations. With numbers predicting five million EVs in California alone within a decade. EV Charging Stations will grow exponentially. SIRC sees the opportunity for this alternative energy industry and wants to make itself a brand with a national footprint as it grows.

 

To Solar Integrated Roofing Corp. (OTC PINK: SIRC), the heightened awareness, reporting structure and model launches in electric vehicles only brings a higher profile to supporting EV Charging Stations. SIRC not only competes in that industry through its PLEMCo., subsidiary, it has also recently announced it has signed an LOI to acquire three LA-based complementary EV Charging Station companies in that industry, as well.

 

Meanwhile, in a move that will soon drive demand for EV Charging Stations in North America, General Motors (NYSE: GM) has now raised its sales target for electric vehicles to 400,000 in North America.

 

As Ford and GM go toe-to-toe, SIRC’s PLEMCo., is well positioned to install EV Charging Stations for either or both OEM electric car/truck makers. In short, SIRC wins no matter which OEM company becomes an industry leader.

 

Now Mary Barra, CEO Of General Motors (NYSE: GM), Says Her Company Will Sell More Electric Cars In US ‘Than Anyone Else, Including Tesla’ After Jim Farley, CEO Of Ford (NYSE: F), Said His Company Would ‘Catch’ Tesla (NASDAQ: TSLA); Solar Integrated Roofing Corp. (OTC PINK: SIRC) Focuses On Fast-Growing EV Charging Station Business

 

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

 

Source: Stock Market Press

 

Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.

 

Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.

Contact:

Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com https://twitter.com/PressStock

Safe Harbor Statement:

Statements in this news 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 any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press