In its newest setback, GM is delaying the launch of EV drive manufacturing at its Toledo Propulsion Methods plant in Ohio. The corporate will now start constructing electrical drives on the finish of 2024.
GM delaying one other key EV funding
At a gathering on Wednesday, workers on the Toledo plant realized that GM is delaying EV drive unit manufacturing by 9 months.
The plant was anticipated to start constructing the models in Q1 2024, however that’s being pushed again till the fourth quarter. UAW Native 14 president Tony Totty, who represents staff on the facility, stated the plan impacts about 75 temp staff.
GM shut down its 6-speed transmission line in April, with round 100 temps being laid off. About 25 of them earned everlasting positions underneath the brand new UAW labor settlement.
In an announcement on Wednesday, GM confirmed the information. The automaker stated it can “retime the launch of Electrical Drive Unit on the plant to This fall 2024 to be able to higher align with Orion Meeting’s deliberate manufacturing schedule.”
GM revealed a $760 million funding to arrange the plant to construct the primary electrical drive models for its EVs within the US.
The information comes after GM introduced it was delaying manufacturing of its electrical vans, together with the Chevy Silverado RST and GMC Sierra Denali EVs, till late 2025 in October.
GM’s electrical vans might be constructed at its Orion meeting plant in Michigan, the place the present Bolt EV is produced. The corporate reaffirmed it can “retime the conversion of Orion to EV truck manufacturing to late 2025 to higher handle capital funding whereas aligning with evolving EV demand.”
Electrek’s Take
Regardless of some automakers doubling down on EVs within the US, like Volvo and Hyundai, GM continues to fall additional behind.
Hyundai (and Kia) topped GM’s Chevy in US EV registrations within the third quarter, inserting second solely to Tesla.
Whereas GM is phasing out its least expensive EV, the Bolt, on the finish of the 12 months, a number of new inexpensive fashions will hit the market.
Volvo’s EX30, beginning at underneath $35,000, will start rolling out early subsequent 12 months. In the meantime, Hyundai launched the brand new 2024 Kona electrical with beginning costs underneath $33,000. The brand new electrical SUV is larger, higher, and smarter in each approach. It additionally contains extra vary and quicker charging.
GM delaying EV truck manufacturing can even be a serious setback. Tesla launched its extremely anticipated Cybertruck whereas others, together with Rivian, proceed ramping up output.
The delay is one other setback in GM’s plans to offer “EVs for everybody.”
Supply: Toledo Blade
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