HitchHiker71
Member
GM isn't very excited about the Ultium platform, either, they are cancelling the build of an Ultium factory in favor of new cylindrical batteries.
Ultium hasn't served them well so far, a friend purchased a Hummer EV (of which they made exactly TWO in the first quarter of this year) but can't pick it up because there is a full stop sale order due to leaks in the Ultium battery allowing air and water intrusion. And in China, where they use a different battery, GM produced ~2400 Lyriqs in 2022 but in the US using Ultium only about 200 for the entire year. The only GM EV that sells in any quantity at all is the Bolt which doesn't use Ultium and is being discontinued by GM.
As Elon has repeatedly indicated, building BEVs and in particular building reliable battery packs with good BMS is not easy, and doing so at scale is much harder. Legacy auto manufacturers like GM and Ford are going to go through quite a bit of growing pains - just like Tesla did back between 2012-2018 timeframe. There's a race ongoing here. Tesla has figured out the vast majority of roadblocks to BEV mass production and is scaling like crazy - and cutting margins to gain market share like crazy, with a clear admission that it's all about market share right now - it's not about profit margins. This will eventually eliminate a subset of competition in the marketplace IMHO - and big firms like GM and Ford see this and are transitioning as quickly as they can - but it remains to be seen if they will be successful as ICE manufacturing declines accelerate. When all is said and done - only a subset of the current auto manufacturers will be intact. It will be interesting to see where all of this ends up ten years out.