Part 2/10:
According to recent reports, GM's high-profile EV models—specifically the GMC Hummer and Cadillac Lyric—are rolling out at a slower pace than initially anticipated, with only about a dozen units produced daily. This output is substantially below the targeted figures, underscoring production hurdles that threaten GM’s broader EV strategy.
Compounding these issues, GM recently cut the price of its Mustang Mach-E electric model in China by a hefty 40,000 Yuan (approximately $6,600 USD). Such aggressive price cuts are indicative of mounting pressure to accelerate sales amid stiff competition and slow deployment.