General Motors doesn’t expect significant U.S. production of EVs until second half of year
Publishing timestamp: 2023-01-31 15:46:07
Summary
General Motors executives said they don't expect significant production increases of new EVs until second half of this year due to battery cell production at GM's new or under-construction U.S. plants. GM is slowly increasing production while other companies such as Hyundai and Ford have been ramping up production of EVs. GM is investing $650 million in Lithium Americas to gain more access to lithium, a key component in EV batteries. GM is planning for mid- to long-term and is "well positioned" with its Ultium EVs.
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Keywords: business, breaking news: business, tesla inc, autos, lithium americas corp, transportation, mary barra, hyundai motor co, business news, general motors co, ford motor co, paul jacobson,
Source: https://www.cnbc.com/2023/01/31/general-motors-ev-production.html