The General Motors' third quarter earnings call brought several EV-related news, including the delay of the Chevrolet Equinox EV.
General Motors' third quarter earnings call brought several bits of EV-related news, but not all positive. The company revealed that the Chevrolet Equinox EV model will be delayed to implement some improvements and, in general, to adjust to the current challenging market situation. GM does not say exactly when the Chevrolet Equinox EV will enter production. According to the previous report from summer 2023, production was expected to begin during the fourth quarter of this year.
It will be interesting to see whether the manufacturing adjustments at GM will affect Honda's plans to introduce two Ultium-based models , which were expected to be produced alongside GM's products. There might be some delays too. It's clear that with the disappointing all-electric vehicle sales volume last quarter , and the recently ditched goal to reach an EV production rate of 400,000 units annually in mid-2024, GM is struggling.
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