DETROIT – General Motors made several announcements at the CES technology show Wednesday that investors should take note of – specifically its future plans for electric and autonomous vehicles.

Mary Barra, GM CEO, was one the key speakers. unveiled the 2024 Chevrolet Silverado EV pickupIt’s anticipated that it will go on sale in the next year. Ford Motor’sF-150 electric and Rivian Automotive’sR1T is one example.

Wall Street analysts have generally reacted positively to Silverado EV, but some have questioned whether there were enough options or when the launch was taking place. The company chose to launch only with two trims. Ford’s F-150 LightningThis spring, you’ll have a 1-year advantage.

GM shares closed Wednesday at $62.74 a piece, down 3.6% in the face of a wider market selloff. Through midday Thursday trading, the stock was mostly unchanged.

Deutsche Bank analyst Emmanuel Rosner stated that the Silverado specifications had been very stable, but they arguably did not come as expected. Investors may also have believed investors were’selling the news.’ He made this statement to them in a Thursday note. Investors “may have also been surprised” at the launch sequence that included a fleet model for spring 2023 and a consumer model for fall $105,000.

Credit Suisse Analyst Dan Levy said that the timing was “somewhat of an disappointment for investors” in Tuesday’s note.

The Silverado Electric Vehicle was not the only important news that investors need to be aware of on Wednesday. Other topics included electric van orders at GM’s BrightDrop, plans for personal autonomous vehicles and the timing of two new EVs. More information on these and many other topics can be found at GM’s CES presentation.

BrightDrop, GM’s electric commercial vehicle unit, was unveiled at CES in January. The company announced agreements with FedEx and Walmart. buy thousands of its EV vans.

WalmartBrightDrop signed an agreement to reserve 5,000 electric vehicles, and FedEx increased its order by 2,000 vans from 500. FedEx indicated that the order could rise to 20,000 electric vehicles.

Alan Wexler is GM’s Senior Vice President of Innovation and Growth. The company began delivering FedEx vans last month.

CNBC was told by he that “it’s a huge market.” “It is important for our Commercial Segment because I think there will be a Halo that extends into our traditional type of fleet business as well as Walmart and FedEx.

Barra revealed two important plans Wednesday for GM’s autopilot vehicle plans. This is the same plan that has been confirmed by Barra. investing billions in for several years.

Barra stated that GM’s autonomous vehicle unit Cruise, which is owned by a majority of GM, will be commercialized in San Francisco as a ride-hailing system in the next few months. Crusie requested the last permit. commercialize the operations in November.

Cruise and GM plan to provide autonomous EVs for consumers by the middle of next decade, she said. The Cadillac luxury brand by GM was also present to announce a personal, self-driving EV model. called InnerSpace.

Cadillac has a “Halo Concept Portfolio”, which began at CES last year with an autonomous shared shuttle and an urban air mobility car. These products may be essential for GM’s subscription service offering. to create recurring revenueIt will help in its efforts to double the revenue. $280 billionBy 2030

Wexler stated that subscriptions are being viewed holistically across the business.

GM acquired a 25% share of the Seattle-based firm last year. GM will supply parts as part of this deal. $150 million dealPure Watercraft is a co-developer and manufacturer of innovative products. They will offer engineering, design, and manufacturing expertise that will help start-ups establish new factories.

This deal is part GM’s plan to provide its fuel cell- and Ultium electric car technologies to different segments. outside of automotive. It had previously revealed tie-ups in defense, aerospace, and locomotive.

– CNBC”s Michael BloomContributed to the report.