General Motors CEO ‘Disappointed’ In Automaker’s Electric Vehicle Output
It’s going to get better.
That’s the message General Motors CEO Mary Barra sent regarding the automaker’s electric vehicle production during its third-quarter earnings call on Wednesday.
Output of GM’s next-generation Ultium electric vehicles has been hampered by issues with the production of their battery packs.
Barra said she was “disappointed” and that the problems weren’t due to the vehicle design, but the automated assembly process used for their battery packs.
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GM was only able to deliver 6,920 of the Ultium based vehicles through September this year.
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The models that use the technology include the GMC Hummer EV and Cadillac Lyriq.
GM has pushed back its goal of reaching an annual EV production rate of one million vehicles to late 2025, but Barra said it will have “significantly higher production” in 2024, with the battery manufacturing issues hopefully resolved by mid-year.
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She also said she has “no question” in GM’s goal to go “all-electric” because it is good for both the environment and business.
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