General Motors postpones plans to release up to 400,000 electric cars in North America due to slower-than-expected battery production growth.
The a car manufacturer It originally planned to produce 400,000 electric vehicles in North America between 2022 and 2023, but on a call announcing the company’s third-quarter results, Chief Executive Mary Barra said her plans had been delayed by six months.
“All our 2023 launches are going well. However, due to a slightly slower start-up of cell and pack production than we expected, we now plan to produce 400,000 electric vehicles in North America during 2022, 2023 and the first half of 2024,” Barra said.
Barra noted that it took “longer than expected” to hire and train more than 1,000 workers to staff its battery plant in Varanasi, Ohio. Business Insider reports.
“It also took a little longer to assemble the battery pack,” the GM CEO said.
Despite the delay, other aspects Introducing GM electric cars are progressing well. The carmaker reported record sales as electric Chevrolet Bolt EV and Bolt EUV in the third quarter amid steep price cuts for both models. Barra noted that GM now has 8 percent of the electric vehicle market in the US.
GM also recently announced a strategic supply agreement with Australia’s Queensland Pacific Metals that will provide nickel and cobalt vital for battery production in the coming years. It also has four battery plants planned in the United States as part of a joint venture partnership with LG Energy Solutions.