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GM not reiterating 2025 1 million EV production capacity forecast
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GM not reiterating 2025 1 million EV production capacity forecast
Jul 15, 2024 4:07 PM

July 15 (Reuters) - General Motors ( GM ) on Monday

declined to reiterate its previously announced forecast that it

would have 1 million units of electric vehicle production

capacity in North America by the end of 2025.

A GM spokesperson said the automaker would meet EV demand

but did not repeat the prior production target. "We're being

flexible. We haven't announced a new capacity target and we will

build to demand."

GM CEO Mary Barra said earlier at an event on Monday that GM

would not build 1 million EVs next year "just because the

market's not developing, but it will get there. And so we're

going to be guided by the customer."

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