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According to foreign media reports, on July 15, General Motors CEO Mary Barra made a statement at an event that cast serious doubt on the company's goal of having an annual production capacity of 1 million pure electric vehicles in North America by the end of 2025.We will not achieve the goal of 1 million vehicles for the time being, simply because the market has not yet developed, but we will get there eventually," Barra said at the event. "We will be customer-driven."

In 2021, GM announced that it would achieve its zero-emissions goal by 2035, with the first milestone being to have the capacity to produce 1 million electric vehicles per year in North America by the end of 2025. For more than three years, GM has said it will have the capacity to produce 1 million electric vehicles each in China and North America by 2025. Mary Barra said customer demand will determine how quickly GM achieves its goal of annual sales of 1 million electric vehicles, and that GM's electric vehicle deliveries are currently slowing.

In fact, GM has lowered or withdrawn several electric vehicle production and sales targets this year due to the fact that the growth in demand for electric vehicles has not met expectations, and the one million vehicle production capacity target is one of the few unadjusted indicators of the company. A GM spokesperson said that the company's goal is production capacity, not the production of 1 million electric vehicles in 2025, and Barra did not specify whether she was referring to production or production capacity on the CNBC show. The spokesperson later said that GM would no longer reiterate its electric vehicle production capacity plan for 2025, and emphasized that its electric vehicle plan will be flexibly adjusted according to demand. As far as IT Home knows, GM will release its second-quarter financial report on July 23, and more relevant details may be announced at that time.

GM also saw a sharp decline in the Chinese market. Recently, Shanghai Automotive Group Co., Ltd. (hereinafter referred to as "SAIC Group", stock code: 600104) released a production and sales report for June 2024. SAIC-GM's sales in June were 26,021 vehicles, a year-on-year decrease of 72.02%; the cumulative sales this year were 225,579 vehicles, a year-on-year decrease of 49.98%. The production in June was 28,340 vehicles, a year-on-year decrease of 70.07%; the cumulative production this year was 207,450 vehicles, a year-on-year decrease of 53.97%.

In other words, SAIC-GM's sales plummeted in June and the first half of 2024. Similarly, SAIC-GM's production plummeted in June and the first half of 2024. SAIC-GM is on the verge of being eliminated, which is very dangerous.