General Motors delays electric-vehicle truck production at Michigan plant by a year

said on Tuesday it will delay production of electric pickup trucks at its plant in Michigan’s Orion Township by a year as the No. 1 U.S. automaker grapples with flattening demand for electric vehicle.

The automaker in July reiterated a previous target of building 400,000 EVs from 2022 through the first half of 2024, and projected EV revenue of $50 billion in 2025. GM has said it is targeting production of roughly 100,000 EVs in the second half of 2023. GM’s rival Ford said on Friday it was temporarily cutting one shift at its plant that builds the F-150 Lightning EV. Ford said in July it would slow the ramp-up of electric vehicle production and forecast a full-year loss of $4.5 billion on its EV unit.

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