General Motors is lining up the pieces to counter and attack its rivals in the electric-vehicle market.Â
The Detroit giant recently started production of the long-awaited Lyriq SUV/crossover, the car meant to compete with Tesla’s Model Y SUV and Ford Mustang Mach-E SUV.Â
The Lyriq, Cadillac’s first electric vehicle, is ahead of schedule: GM intends to start delivering the first units before midyear.
The automaker will also resume production of its entry-level EV on April 4. Production of the Chevy Bolt sedan and Chevy Bolt EUV SUV has been suspended for several months over battery issues. The company had decided to halt production of the two EVs while it replaced defective batteries in cars that already had been sold, according to a recall notice.Â
(In fall 2023, the Bolt no longer will be GM’s entry-level EV. That distinction will go to what will be the Chevy Equinox EV.)
Yet another catalyst for GM: Demand for electric versions of the Hummer are exceeding the automaker’s most optimistic projections. In particular, reservations accelerated during March.
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