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GM Still On Track For 1 Million Annual EV Production Capacity At End Of 2025

As GM Authority covered in October 2023, production of the Chevy Silverado EV and GMC Sierra EV all-electric pickups at the GM Orion plant in Michigan was postponed to late 2025. In addition, the planned launches of the Chevy Equinox EV, Silverado EV RST and GMC Sierra EV Denali have been pushed back by a few months, possibly indicating that electric vehicle production and demand isn’t quite as strong as some may believe. In spite of this, General Motors still claims that it’s on track for its annual EV production capacity goals.

As detailed in its Q3 2023 earnings presentation, General Motors believes that it will still reach 1 million EV production capacity in North America by the end of the 2025 calendar year. Furthermore, The General stated that it’s matching EV supply with demand to maintain strong pricing, while also taking immediate steps to enhance the profitability of its electric vehicle portfolio.

Notably, the Detroit-based automaker has made similar claims in the past. In fact, GM Authority reported that General Motors announced its objective of reaching 1 million EV production capacity by the end of the 2025 calendar year in the first days of 2022. Even in early 2020, GM projected that it would sell 1 million EVs annually by mid-decade.

Photo of GM logo.

This is an interesting development, especially when one considers that General Motors isn’t the only major automaker dialing back EV production, as GMA’s sister publication Ford Authority reported that the Blue Oval is also pushing back its production timelines.

In response to the announcement of delaying production of the Silverado EV and Sierra EV at the GM Orion facility, a GM spokesperson stated that the move was made “to better manage capital investment while aligning with evolving EV demand.” So, it would stand to reason that in order to reach its goal, General Motors will have to increase production of electric vehicles at other facilities.

It’s worth noting that the spokesperson also mentioned that the change does not impact GM’s battery plant plans, and has no connection to the ongoing contract negotiations with the UAW.

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Comments

  1. WE DON’T WANT EVs (only)! Give us options. Where are the hybrids? What are the plans for ICE?

    Dodge now has a “multi-energy” platform for the Charger. That looks to have been the smart decision.

    Sorry “gm”, we didn’t leave you, you left us.

    Reply
    1. Perhaps these “engineering changes” gm is talking about has to do with modifying platforms to be similar to Stellantis’ multi- energy platform. Then again that would make too much sense.

      Reply
  2. Build all you want but that doesn’t mean people will buy them. Maybe for pennies on the dollar.

    Reply
  3. People waste their times making a profile and checking up on this website daily just to hate and disregard everything gm is doing.. if your not a fan, go elsewhere

    Reply
    1. “Screw your lifelong hobby, shut up and get lost”. Thanks Ric. This sounds exactly like what the entertainment/media industry has become. To nobody’s surprise, both industries (sadly ALL industries) have the same top shareholders.

      Reply
    2. the ppl here are exactly the few left that still care about gm

      im not on kia news places because i dont care about kia. etc etc

      Reply
      1. EXACTLY!

        Reply
  4. I dont believe it.

    Reply

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