GM Ultium EVs ramping slowly, as targets look out of sight

2022 GMC Hummer EV pre-production at Factory Zero plant in Detroit, MichiganGeneral Motors’ third-quarter financial results show a slow production ramp of Ultium EVs but indicate the automaker is unlikely to meet its near-future electric vehicle delivery targets. GM reported that it delivered just 4,222 Ultium EVs in Q3, compared to 15,835 Bolt EV and Bolt EUV models. The Bolt EV and EUV, which are based on a different…

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