CICC has initiated coverage on General Motors (GM.US) with a rating of "Outperform" and a Target Price of 65 USD.

CICC released a research report stating that it is initiating coverage on General Motors (GM.US) with an "outperform industry" rating and a Target Price of 65 USD. The report noted that pickups are the group's most important sales source and enjoy a stable market share. The group's SUV and sedan products are facing fierce competition, but new product sales may ramp up and effectively boost sales. CICC believes that General Motors' electric vehicles are in a ramp-up phase but will not be forced to grow. If the penetration rate of electric vehicles in the USA continues to be under pressure, the company may sell more high-margin internal combustion engine models in the short term. Regarding the group no longer funding the development of Cruise,

AASTOCKS14:10

Trump's tariff threats are serious! Executives from American companies face obstacles in their lobbying efforts.

Executives initiated lobbying efforts to soften Trump's trade policies, but Trump's team stated that the threat of tariffs should be taken seriously, as advisors are nearly powerless to stop him.

Golden10 Data11:53

Full Speed Ahead: Tesla Lands Higher Price Targets From Wedbush

Seeking Alpha09:25

Weekend Round-Up: Elon Musk's Spacex, Tesla's New Model, And More

Benzinga00:00

Global EVs & Hybrids Sales Rose 32% YoY In November Partially Due To Sustainability Concern

Business TodayDec 15 17:43

Trending Stocks Amid a Mixed Week for U.S. Stock Market

Seeking AlphaDec 15 01:08