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The ambitious plan by General Motors to build out its own EV drive system could have a negative on certain suppliers.

Deutsche Bank analyst Emmanuel Rosner warns that American Axle & Manufacturing Holdings (AXL -3.2%), BorgWarner (BWA +1.5%), Magna International (MGA -0.2%), and Delphi Technologies (DLPH +1.4%) might all face new competition down the road from GM itself as a supplier in the EV industry.

American Axle is said to have the most revenue exposure to GM, with 40% of its annual sales coming from the Detroit automaker.

Dig deeper: GM introduces Ultium Drive as lynchpin of EV future



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