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GM’s EV push off to a slow start in 2023, WSJ reports
The Fly

GM’s EV push off to a slow start in 2023, WSJ reports

GM’s (GM) electric vehicle push is off to a slow start this year, and is dealing with the slower-than-expected rollout of two high-profile electric vehicles, the GMC Hummer EV and the Cadillac Lyriq, The Wall Street Journal’s Mike Colias reports. According to people familiar with the matter, the company has been making roughly a dozen electric GMC Hummer pickup trucks a day, far below initial targets for this point in the rollout. Meanwhile, through February, GM had sold roughly 1,000 Cadillac Lyriqs since it began building them in March 2022, while Tesla (TSLA) sold about 252,000 Model Ys, a direct competitor to the Lyriq, in the U.S. last year, according to the report. "Demand is very strong for our new EVs, and we appreciate the loyalty of our dealers and customers as we ramp up production," a company spokesman said. Reference Link

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