Saturday, 23 November 2024
Home Topics Business GM not reiterating 2025 1 million EV production capacity forecast
BusinessElectric Vehicles (EVs)IndustryManufacturingNews

GM not reiterating 2025 1 million EV production capacity forecast

59
FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo
FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. — REUTERS/Rebecca Cook/File Photo

General Motors on Monday declined to reiterate its previously announced forecast that it would have 1 million units of electric vehicle production capacity in North America by the end of 2025.

A GM spokesperson said the automaker would meet EV demand but did not repeat the prior production target. “We’re being flexible. We haven’t announced a new capacity target and we will build to demand.”

GM CEO Mary Barra said earlier at an event on Monday that GM would not build 1 million EVs next year “just because the market’s not developing, but it will get there. And so we’re going to be guided by the customer.”

(Reporting by David Shepardson; Editing by Chris Reese)

Related Articles

A view of an image announcing Brazil as elected host country for COP 30, at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan November 23, 2024. REUTERS/Maxim Shemetov/File Photo
Climate FinanceEmissionsPoliticsUnited Nations

COP29 climate summit in overtime, what are countries saying?

"The eyes of the world are rather focused on us." — Azerbaijan's...

Leaders and delegates arrive for a family photo during the United Nations Climate Change Conference (COP29).
BiodiversityClimate FinanceEmissionsEnvironment

COP29: Failure haunts UN environment conferences

Negotiators at COP29 in Baku struggle for a deal, continuing a history...

Login into your Account

Please login to like, dislike or bookmark this article.