Engine No. 1 LLC, an active investment company that has been successful in driving change in ExxonMobil Ltd.
Said he was backing General Motors on Monday Ltd.
Bid to lead the transition to electric vehicles.
In a white paper released Monday, the investment company said it believes GM and other traditional automakers have the scale and know-how to adopt electric vehicles. The investment company invested in GM in the first quarter, but did not disclose the ideas behind the move.
“scale of [electric vehicle] The challenges of transition outweigh the deadlines that Tesla and other new entrants can overcome in their time of need,” the company wrote. “Existing automakers may be a central player in the transition…. [electric vehicles] I am completely inspired to do the same. “
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