GM announces to its suppliers that it plans to increase the production of electric vehicles by more than six times

General Motors has told its suppliers it plans to increase production of its electric trucks and the Cadillac Lyriq SUV more than sixfold to keep pace with industry leaders.

As the electric car market continues to become more competitive and has been dominated by smaller, all-electric companies, traditional automakers are ramping up production and adapting capacity in a bid to catch up. Ford recently announced it would ramp up 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 plans to significantly increase production rates of the GMC Hummer EV, Chevrolet Silverado EV and Cadillac Lyriq. Production figures could reach a total of 46,000 units in 2022, an increase of more than 6 times from the initial figures of 7,000 this year.

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

GMC Hummer EV flaunts its massive size alongside a full-size SUV

The production increase aligns with several points that GM CEO Mary Barra raised last week during the company’s quarterly earnings call, where she said the company would aim to deliver 400,000 electric cars by the end of 2023. Barra mentioned GM’s recent investment in Michigan, which will give the company production capacity of more than one million units per year in North America d mid-decade here.

During the earnings call, Barra mentioned that bookings for each of the aforementioned vehicles have reached impressive levels. The GMC Hummer EV currently has 59,000 reservations, while the Silverado EV has reached more than 110,000 orders since its unveiling last month. Additionally, the Lyriq has strong demand, Barra said, indicating that “customer interest in the Cadillac LYRIQ is growing so rapidly that we will be dropping a new round of reservations and beginning to take customer orders soon after the launch of the Debut Edition in March”.

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

I would love to hear from you! If you have any comments, concerns or questions, please email me at [email protected]. You can also reach me on Twitter @KlenderJoeyor if you have any topical advice, you can email us at [email protected].

GM announces to its suppliers that it plans to increase the production of electric vehicles by more than six times

Previous Secure Score for Microsoft 365+
Next A new option is coming to protect the most vulnerable from COVID-19, but there's not enough for everyone