News

GM tells suppliers it plans to increase production on EVs by more than six-times

General Motors told its suppliers that it plans to increase the production of its electric trucks and the Cadillac Lyriq SUV by more than six times in an attempt to keep pace with industry leaders.

As the electric automotive market continues to become more competitive and has been dominated by smaller, EV-only companies, legacy automakers are ramping production and flexing their capacities in an effort to catch up. Ford recently announced that it would expand production of the Mustang Mach-E and F-150 Lightning, aiming to produce 600,000 electric units in just 22 months.

GM is now taking the same approach as Ford as a new report from Reuters shows that the automaker is planning to increase production rates of the GMC Hummer EV, the Chevrolet Silverado EV, and Cadillac Lyriq significantly. Production figures could reach a total of 46,000 units in 2022, an over 6x increase from original figures of 7,000 this year.

The Hummer EV and Silverado EV will have their production capacities increased from 3,800 vehicles in 2022 to 21,000.

The increase in production matches several points GM CEO Mary Barra made last week during the company’s quarterly earnings call, where she indicated that the company would aim to deliver 400,000 electric cars by the end of 2023. Barra mentioned GM’s recent Michigan investment, which will give the company a production capacity of over one million units annually in North America by mid-decade.

During the Earnings Call, Barra mentioned that reservations for each of the aforementioned vehicles had reached impressive levels. The GMC Hummer EV has 59,000 reservations currently, while the Silverado EV has reached more than 110,000 orders since being unveiled last month. Additionally, the Lyriq has strong demand, Barra said, indicating that “customer interest in the Cadillac LYRIQ is growing so quickly that we’ll forgo a new round of reservations and begin taking customer orders soon after the Debut Edition launches in March.”

Lyriq production is planned to increase to 25,000 units in 2022, a drastic increase from the 3,200 planned production vehicles.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Joey Klender

Transportation Writer | Penn State Alum | Future World Series of Poker Bracelet Holder 🚀 🛰 ☀️ 🚘 🧠 🕳

Disqus Comments Loading...
Share
Published by

Recent Posts

The Boring Company connects Resorts World station to the LVCC Loop [Photos]

On June 30, Resorts World Las Vegas unveiled its underground station, connecting it to The…

53 mins ago

SpaceX wins FCC approval to connect Starlink satellites to moving vehicles

Eleven months after SpaceX submitted several applications, the FCC has given the company permission to…

6 hours ago

Mercedes-Benz China offers EQS rear-wheel steering upgrade for a yearly fee

Vehicle subscriptions will soon be the norm. Tesla, with its tech-focused vehicles, has been offering…

6 hours ago

Tesla “defective” door handle case dropped by South Korean police

Back in June 2021, South Korea’s Citizens United for Consumer Sovereignty pressed charges against Elon…

7 hours ago

Car Wars: Tesla will be overtaken by Ford, GM because Elon Musk “didn’t move fast enough”

Tesla is a lot of things. Slow-moving is definitely not one of them.  But for…

8 hours ago

Used Teslas and other EVs are being flipped for impressive profits

Due to high demand and low supply, used Teslas and other EVs in the US…

9 hours ago