GM EVs aren't profitable at the moment. But the automaker is taking serious steps to make that happen.
After witnessing Tesla’s scale and production capabilities, thanks to simplified architectures and fewer components, most automakers are mimicking the approach. The industry has realized that lean manufacturing can help them reduce losses in their EV businesses and put them on the path to profitability. General Motors CEO Mary Barra explained that in detail in yesterday’s second-quarter earnings call. She revealed that the 2025 Cadillac Lyriq featured 24% fewer parts than the 2024 model year.
With what she called “smarter contenting and optimizing selectable options,” GM was able to eliminate more than 2,400 unique parts on ten vehicles it plans to launch through the first quarter of 2025. It’s unclear if all these are EVs, but now we know they include models like the Chevy Equinox EV, Blazer EV, Silverado EV, and Cadillac Optiq, among others. “The list of parts that we no longer need to design, engineer, source, install … is extensive,” Barra said.
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