GM CEO Mary Barra uses third-quarter earnings call to provide key product updates, including expanded robotaxis and more EVs.
The other big news is that the GMC Hummer EV and SUV, as well as the Cadillac Lyriq will soon switch from using imported battery cells to ones made domestically at the Ultium Cells joint venture in Ohio. Original plans were to be fully ramped up and making enough cells in the U.S. for 400,000 EVs a year by the end of 2023. Barra said the timeline has been pushed back and it will now take until mid-2024.
Work is also underway to increase vehicle production at the Factory Zero plant that makes electric trucks in Michigan, the CAMI plant that will make commercial vehicles in Ontario, the Ramos Arizpe plant in Mexico, and Orion Assembly which will also make large trucks in 2024.
The CEO says she also expects many of GM's most affordable EVs will be eligible for the $3,750 tax rebate under the new Inflation Reduction Act and in a few years, when battery cells and minerals are sourced to meet the criteria, that many vehicles will then qualify for the bigger $7,500 tax credit.
has also begun operating in San Francisco for data collection. Production of the Origin will begin next year at Factory Zero.The first Ultium-based Buick for the China market will debut late this year, Barra said, on the heels of the Cadillac Lyriq launch in September. After Covid lockdowns, operations in China have returned to profitability.later this year at the retooled CAMI plant in Ontario. Production will ramp up in 2023 to fill orders from customers such as Walmart, FedEx, and Kroger.
In the summer, GM said a shortage of microchips and other parts forced the automaker to hold back about 95,000 unfinished vehicles. GM has since completed and shipped about three quarters of them. Parts availability continues to slowly trend in the right direction, says chief financial officer Paul Jacobson.
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