“GM is currently assessing potential future investment,” GM spokesperson George Svigos said in a statement, adding: “No final decision has been made. GM is committed to an all-EV future globally. On that pathway, we continue to study consumer preferences and powertrain options, to ensure we best respond to customer demand and comply with an uncertain, complex and increasingly stringent regulatory landscape for 2027 and beyond.”
China is literally the worst possible example right now. Besides the fact that China has only a luxury car market because of the cost of getting a license, sales are down and BEVs have still struggled since subsidies expired.