It started delivering the vehicles in December.
Image: General Motors

According to The Wall Street Journal, the company is only making around 12 of the massive electric trucks a day. According to the Journal, Ford is making 150 F-150 Lightings a day, whereas Rivian is making between 30 and 40 EV a day.

According to CNBC, GM raised the price of the Hummer EV by $6,000 due to higher prices for parts, technology and logistics.

According to Chad Lyons, a GM spokesman, around 77,500 people have signed up for the Hummer EV wait list. It would take 17 and a half years to get through everyone on the waiting list if the company continued to produce 12 trucks a day. Lyons said in an email that GM will dramatically increase its production rate later this year. According to the WSJ, this is due to the fact that the company has other battery factories in the works. The implication is that Hummer production is slow due to the fact that GM has to get batteries from another company.

I don't think that GM will benefit from vertical integration, but it's not like they don't have a reputation for being a great supplier of batteries. During the Chevy Bolt recall, this company produced and paid for tens of thousands of new battery packs. The Bolt has less cells than the Hummer EV, but the Hummer EV has more cells than the Bolt.

Producing vehicles has been hard for everyone in the past few years, with chip shortages leading to delays, production slowdowns, and even vehicles being shipped out of the factory with missing features. It is concerning to hear that the Hummer EV is taking so long. A new brand of electric cars, as well as two SUVs and a truck, were announced by the company. Electric delivery vans are being worked on. The Ultium battery pack design is used in several of those projects.