GM Inside News Forum banner
1 - 2 of 2 Posts

·
Registered
Joined
·
21,001 Posts
Discussion Starter · #1 ·
GM Delivers EV That Others Have Problems Bringing to Market - TheStreet
KIRK O’NEIL
June 21, 2022

Electric vehicle makers have faced difficulties in recent months manufacturing and delivering their products to consumers.

Makers of EVs blame global supply chain shortages, scarce availability of semiconductors, covid-related factory shutdowns in China, financial difficulties and even bankruptcy for delaying the delivery of their vehicles to market.

Electric Last Mile Solutions, which had plans to deliver commercial electric delivery vans and even claimed to have a purchase order for 50 vans pending, on June 12 slammed on the brakes and filed for Chapter 7 bankruptcy to liquidate its assets.

Tesla rival Rivian (RIVN) - Get Rivian Automotive Inc. Report, which is backed by Amazon (AMZN) - Get Amazon.com Inc. Report and Ford (F) - Get Ford Motor Company Report, lost 7% of the value of its stock on May 16 after it announced it could be delayed in delivering Amazon an order for electric delivery vans because of issues with a supplier, dot.LA reported.

Rivian has an order to deliver 100,000 EV commercial vans to Amazon by 2030, with 10,000 delivered by the end of 2022. The company has said that it will likely produce 25,000 EVs in 2022. It produced 1,015 in 2021.

More at link
 

·
Registered
Joined
·
21,001 Posts
Discussion Starter · #2 · (Edited)
Good job GM! It's a start!!!

GM's Ultium path isn't getting it the pop of being first to market, perhaps GM can become known for getting product to market either when they say they will or earlier vs. the delay ridden competition. That of course doesn't matter to the consumer, but at least something Wall Street and fleet buyers will like.
 
1 - 2 of 2 Posts
Top