GM says it will double revenues by 2030 with EVs planned, tech platform growth

General Motors Co. told investors Wednesday it plans to rapidly scale electric vehicle production and build out its new businesses to double revenuesto about $280 billionby 2030 and increase profit margins.

As it transitions to an electric automaker, GM is also focused on becoming known as a tech company with digital subscription service offerings it plans to monetize, as well other new businesses it recently introduced, including BrightDrop, which is focused on developing electric solutions for the delivery and logistics industry.