GM's Hummer EV waiting list is growing, production increasing as GM start using their own battery
The waiting list for General Motors Co.’s GM -5.05%▼ new GMC Hummer electric pickup truck and related SUV model recently topped 77,000 prospective buyers. Most are likely in for a long wait.
Hummer production at GM’s Factory Zero where 700 workers build Hummer, underwent a $2.2 billion overhaul to build electric trucks.
Hummer output will increase sharply in the second half of the year, he said, largely because GM by late summer expects to begin using its own battery cells from a new factory in Ohio that it built with its joint-venture partner, South Korea’s LG Energy Solution. The Hummers built so far have used outsourced LG cells.
“Our ability to satisfy that demand is only going to improve as we bring on vertical integration of battery cell production,” a GM spokesman said. “You can expect to see hundreds of deliveries grow to thousands later this year.”