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The mainstream manufacturers have invested a lot very quickly into the supply chain for batteries. It is ramping up extremely fast. Many of the current supply i

The mainstream manufacturers have invested a lot very quickly into the supply chain for batteries. It is ramping up extremely fast. Many of the current supply issues seem to be that it is ramping up too fast and there is a bit of a "hysteresis effect" as new plants come online with early plant quality issues that just need time to smooth out. Several of the mainstream manufacturers have 100% EV goals in 7 years or less. (All of the German manufacturers do, and GM is said to internally have a similar goal despite the kid gloves they treat their shareholders with because US shareholders have too much love for ICE and would tank GM's stock if GM actually said that out loud.)

nradov 3y ago
I simply don't believe your claim that GM is misleading their shareholders about EV plans. The Board isn't stupid enough to commit that type of securities fraud. Citation needed.
- WorldMaker 3y ago
  Sorry, I don't think they are "lying" about anything to their shareholders and "kid gloves" was an attempt to describe what I think they are doing. I think they are playing a PR game trying to A/B test PR messages depending on the shareholders in question. Some PR messages are about GM is on a very fast track to electrification. Some PR messages are about GM still believes in ICE. Investors that were leaving in droves for Tesla or Rivian stock want to hear the first message. The big investors that are also dealers want to hear the second message for the time being (until they feel more comfortable selling EVs, and/or find ways to better monetize EV-related "services" in the ways they make most of their money selling ICE, and/or GM finally buys those dealers out in one way or the other). In neither side of the A/B test do they make too many "definite" statements of what their timelines are for full electrification or for selling their last ICE. Reading between the lines of the EV statements (as the type of investor that believes EVs are the present), their electrification speed has been mostly remarkable and leaves the impression that the GM board isn't as stupid as previous decades' boards have been and knows what the German timescales are (and has some idea of the existential threat of the Chinese car manufacturers that are 100% EV already today) and is trying to stay relevant/competitive in modern timescales. That's admittedly a very personal gut reaction of "hearsay" to intentionally wishy washy PR statements.
  - nradov 3y ago
    You're not making any sense. What are the actual conflicting messages? None of GM's franchised dealers are also major GM shareholders. The real major shareholders are more concerned about labor costs and strikes than about the pace of electrification. "We are also moderating the acceleration of EV production in North America to protect our pricing, adjust to slower near-term growth in demand, and implement engineering efficiency and other improvements that will make our vehicles less expensive to produce, and more profitable." https://news.gm.com/newsroom.detail.html/Pages/news/emergency_news/2023/shareholders/q3-23-ceo-letter-to-shareholders.html https://news.gm.com/newsroom.detail.html/Pages/news/emergenc...

nradov 3y ago

I simply don't believe your claim that GM is misleading their shareholders about EV plans. The Board isn't stupid enough to commit that type of securities fraud. Citation needed.

WorldMaker 3y ago
Sorry, I don't think they are "lying" about anything to their shareholders and "kid gloves" was an attempt to describe what I think they are doing. I think they are playing a PR game trying to A/B test PR messages depending on the shareholders in question. Some PR messages are about GM is on a very fast track to electrification. Some PR messages are about GM still believes in ICE. Investors that were leaving in droves for Tesla or Rivian stock want to hear the first message. The big investors that are also dealers want to hear the second message for the time being (until they feel more comfortable selling EVs, and/or find ways to better monetize EV-related "services" in the ways they make most of their money selling ICE, and/or GM finally buys those dealers out in one way or the other). In neither side of the A/B test do they make too many "definite" statements of what their timelines are for full electrification or for selling their last ICE. Reading between the lines of the EV statements (as the type of investor that believes EVs are the present), their electrification speed has been mostly remarkable and leaves the impression that the GM board isn't as stupid as previous decades' boards have been and knows what the German timescales are (and has some idea of the existential threat of the Chinese car manufacturers that are 100% EV already today) and is trying to stay relevant/competitive in modern timescales. That's admittedly a very personal gut reaction of "hearsay" to intentionally wishy washy PR statements.
- nradov 3y ago
  You're not making any sense. What are the actual conflicting messages? None of GM's franchised dealers are also major GM shareholders. The real major shareholders are more concerned about labor costs and strikes than about the pace of electrification. "We are also moderating the acceleration of EV production in North America to protect our pricing, adjust to slower near-term growth in demand, and implement engineering efficiency and other improvements that will make our vehicles less expensive to produce, and more profitable." https://news.gm.com/newsroom.detail.html/Pages/news/emergency_news/2023/shareholders/q3-23-ceo-letter-to-shareholders.html https://news.gm.com/newsroom.detail.html/Pages/news/emergenc...