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General Motors has big goals in EV market

Sep. 17, 2013 7:24 AM ETTesla, Inc. (TSLA) StockTSLABy: Clark Schultz, SA News Editor21 Comments
  • General Motors will challenge Tesla Motors (NASDAQ:TSLA) with a new electric vehicle model boasting a powerful battery that extends driving range to close to 200 miles.
  • The automaker faces the common challenge in the EV sector of how to mass-produce battery packs at an affordable cost.
  • The targeted sticker price on the GM model will be around $30K, although the concept is still deep in development.

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