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GM CEO lowers electric vehicle plan expectations: sales will hardly reach one million by 2025

2024-07-16

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Source: Huanqiu.com

[Global Network Technology Comprehensive Report] According to foreign media reports on July 16, after General Motors CEO Mary Barra made public remarks, the company's goal of having the capacity to produce 1 million pure electric vehicles in North America by the end of 2025 has been questioned by the outside world.


On Monday local time, Mary Barra lowered her expectations for the company's electric vehicle plans, saying the company would not sell 1 million plug-in vehicles in 2025. "We cannot achieve this goal because the market has not yet matured, but the market will eventually mature. We will be guided by customer demand." Mary Barra said that customer demand will determine the speed at which GM achieves its goal of annual sales of 1 million electric vehicles, and GM's electric vehicle delivery speed is currently slowing down.

Bloomberg noted that the slowdown could be a heavy blow to GM, which has only recently overcome problems with electric vehicle battery production and has delayed the opening of an electric pickup truck plant in suburban Detroit. GM is currently stepping up production of its electric Chevrolet Blazer midsize SUV and smaller Equinox models in hopes of boosting sales.