Common Motors reviews 674,336 car deliveries in the course of the third quarter of 2023 in the US, which is 21 p.c greater than a yr in the past. The whole quantity to date this yr amounted to 1,969,522 (up 19 p.c year-over-year).

The all-electric car gross sales are additionally rising within the US, however each the amount (particularly Ultium-based fashions) and the year-over-year progress fee are thought-about disappointing.

In Q3, the corporate delivered 20,092 battery-electric autos (BEVs), which is 33 p.c greater than a yr in the past, however nonetheless lower than within the file first quarter of this yr (20,670). Such quantity represents about 3.0 p.c of GM’s complete deliveries (in comparison with 2.6 p.c a yr in the past).

The outcome consists of 4 manufacturers: the business EV model BrightDrop, Cadillac, Chevrolet, and GMC, though Chevrolet is the one that’s answerable for greater than three-fourths of the BEV gross sales.

Within the case of Chevrolet, electrical car gross sales amounted to fifteen,872 (up 8 p.c year-over-year), which is about 3.5 p.c of the model’s complete quantity. Almost all Chevrolet BEV gross sales fall on the Chevrolet Bolt EV/Bolt EUV duo (15,835), which is set to retire quickly.

In Q3, for the very first time, we noticed the all-new Chevrolet Blazer EV (19 items) and Chevrolet Silverado EV (18 items) within the stats. These are the primary buyer deliveries (fleet prospects within the case of the Silverado EV WT) of these two fashions.

The Cadillac Lyriq all-electric car gross sales in the course of the third quarter elevated noticeably to a brand new file of three,018 items (up from 1,348 in Q2), however it’s a low determine contemplating that it has been in manufacturing for greater than a yr. A optimistic factor is that the BEV share out of Cadillac’s complete gross sales elevated to a brand new file of 8.5 p.c.

The amount additionally improved for the GMC Hummer EV Pickup/GMC Hummer EV SUV, which famous a brand new file of 1,167 items (up 184 p.c year-over-year).

Total, GM delivered 4,257 Ultium-based BEVs in Q3, in comparison with 447 a yr in the past. The problems with manufacturing ramp-up are the principle supply of disappointment as a result of that limits gross sales. The merchandise look like fascinating and already attracted a considerable variety of orders/reservations.

GM explains in its presentation that demand is robust and manufacturing is growing, so the following quarter ought to deliver a brand new file.

GM BEV Gross sales in Q3’2023 (YOY change):

• BrightDrop: 35 (vs. 0 a yr in the past)
• Cadillac (Lyriq): 3,018 (vs. 36 a yr in the past) and eight.5% share
• Chevrolet: 15,872 (up 8%) and three.5% share
  • Chevrolet Blazer EV: 19 (new)
  • Chevrolet Bolt EV/Bolt EUV: 15,835 (up 8%)
  • Chevrolet Silverado EV: 18 (new)
• GMC (Hummer EV Pickup/SUV): 1,167 (up 184%) and 0.8% share
• Complete: 20,092 (up 33%) and three% share

To date this yr, GM delivered greater than 56,000 all-electric autos within the US (about 2.9 p.c of its complete quantity). Sadly, solely 6,920 items have been based mostly on the Ultium platform.

GM BEV Gross sales in Q1-Q3’2023 (YOY change):

• BrightDrop: 333 (up 128%)
• Cadillac (Lyriq): 5,334 (vs. 36 a yr in the past) and 4.8% share
• Chevrolet: 49,531 (up 125%) and three.8% share
  • Chevrolet Blazer EV: 19 (new)
  • Chevrolet Bolt EV/Bolt EUV: 49,494 (up 125%)
  • Chevrolet Silverado EV: 18 (new)
• GMC (Hummer EV Pickup/SUV): 1,216 (up 55%) and 0.3% share
• Complete: 56,414 (up 147%) and a pair of.9% share

For reference, in 2022, Common Motors delivered 39,096 all-electric autos within the US (up 57% year-over-year), which was 1.7 p.c of the overall quantity.

In 2023, GM ought to be capable to simply double all-electric car gross sales. Within the earlier reviews, GM mentioned that its goal in North America is 50,000 BEVs produced within the first half of the yr and double that within the second half of the yr, which signifies 150,000 in complete. Nevertheless, after Q3, with solely 20,000 items delivered, we’re uncertain whether or not reaching these targets can be potential. Even 100,000 deliveries is likely to be out of vary.

By 2025, the corporate wish to enhance BEV gross sales in North America to 1 million yearly (about 250,000 per quarter).

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