Ultium cells are definitely way behind their ramp schedule, despite GM and LG telling the public that the first battery factory in Ohio will reach full production rate sometime in November. Nevermind that the fourth factory was axed, and the third is being built more slowly than the first two.
Ultium packs (three different kinds) have had tooling supplier bottlenecks on the production lines, and vendor issues with seals under contract.
The UAW is throwing a wrench in their plans as well, as their partner LG is mighty pissed that Ultium will go union, and that the union personnel costs will be much, much higher still (Ford just settled with the UAW this afternoon).
All this while the retail automotive world slows rather abruptly. Tesla didn’t have multiple massive price cuts for nothing. Times are changing.
Which means time for GM to play things safe, and not take EV risks and pursue growth mode. They’re circling their wagons and licking their wounds as they face more waves of economic uncertainty.
Ultium cells are definitely way behind their ramp schedule, despite GM and LG telling the public that the first battery factory in Ohio will reach full production rate sometime in November. Nevermind that the fourth factory was axed, and the third is being built more slowly than the first two.
Ultium packs (three different kinds) have had tooling supplier bottlenecks on the production lines, and vendor issues with seals under contract.
The UAW is throwing a wrench in their plans as well, as their partner LG is mighty pissed that Ultium will go union, and that the union personnel costs will be much, much higher still (Ford just settled with the UAW this afternoon).
All this while the retail automotive world slows rather abruptly. Tesla didn’t have multiple massive price cuts for nothing. Times are changing.
Which means time for GM to play things safe, and not take EV risks and pursue growth mode. They’re circling their wagons and licking their wounds as they face more waves of economic uncertainty.