Report: GM’s electric car line to be profitable in 2025

General Motors plans to tell investors that the company expects its electric vehicle program to be profitable in 2025, the same year it’s targeting sales of 1 million batterypowered cars, according to people familiar with the matter. CEO Mary Barra will outline a plan at GM’s investor day Thursday to show how the automaker can cover investments for battery plants and assembly, and build the Ultium battery program’s margins.

Bloomberg General Motors CEO Mary Barra, seen speaking during an event in November 2021 in Detroit, will pledge that the automaker will turn a profit on its electric vehicles in 2025. Ms. Barra’s plan is for GM to sell 1 million batterypowered that year.