GM appears to dial back 1 million EV production capacity forecast

DETROIT: General Motors on Monday declined to reiterate its previously announced forecast that it would have 1 million units of electric vehicle production capacity in North America by the end of 2025.

A GM spokesman said the automaker would meet EV demand but did not repeat the prior production target.

"We’re being flexible. We haven’t announced a new capacity target and we will build to demand."

GM CEO Mary Barra said earlier at an event on Monday that GM would not build 1 million EVs next year "just because the market's not developing, but it will get there. And so we're going to be guided by the customer."