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CLAIM #27883 · General Motors Company (GM) · 2023Q3 earnings call · Oct 24, 2023 · due Dec 31, 2023

No, we plan on having the ramp at Lordstown will continue as it is.

Mary Barra · CEO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

d. And, frankly, the mindset change we've had from a complexity perspective is pretty significant. So, again it's yes, there's going to be improvements. We'll continue to drive efficiencies in the Ultium platform. But it's also, broadly, across the entire vehicle. Joseph Spak: Okay. And then, Mary, on the -- there was a comment about the Ohio battery JV being able to be at full capacity by the end of this year. I think that's like 35 gigawatt-hours if I recall correctly. So, how does that JV, which I know you're only part owner, plan to balance that with GM's own EV demand? Is there going to be a continued ramp there and produce, and maybe build some stock or look for additional offtake? And also, does this revised EV timeline impact any of the other battery JVs coming online? Mary Barra: No, we plan on having the ramp at Lordstown will continue as it is. And the plant in Spring Hill comes online next year. And then we have plant three in Michigan that follows, and then the work with Samsung. We'll keep all of those on track because we believe strongly that we need those cells. Now, obviously, if we have to evaluate and slow something down, but at this time we don't see a need to do that with the plans that we've outlined here. Joseph Spak: Okay, thank you. Mary Barra: Hey, Joe, just on that, again, I want to reiterate. We're going to respond to demand. And we're going to make sure we have the right products at the right time, but we're not overbuilding. Joseph Spak: Perfect. Thank you. Operator: Thank you. Our next question comes from John Murphy with Bank of America. Your line is open. John Murphy: Good morning everybody. Mary and Paul,

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SEC filings for GM · Claim quote is verbatim from the 2023Q3 earnings call.