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.

Soon - GM abandons plans to make cars /s

In fact, all EV sales in NA is declining in recent, Tesla is even no exception. I don’t surprise GM going pessimistic.

US legacy automakers are even worse than Europe’s. At least the Europeans are teaming up with Chinese EV start-ups and trying to eat humble pie. The US ones are just throwing in the towel.

yeah. At the end of the day I think Ford and GM will stick to big ticket EV SUVs and Trucks, since they are good at trucks and they can profit on them. They will surrender the affordable market to Tesla and to Chinese car companies, because they cant profit on affordable EVs for the foreseeable future

If GM and others won’t do it, it’s time to bring BYD with no tariffs in

Let’s See:

• Partnership with Honda falls apart
• Chevy CruiseBanned in California Due to Safety Risk
• Scaling Back EV plans

It appears that the Tide is going out and we can see who was swimming (lying) naked.

More business for Tesla and Rivian.