GM(US:GM) Shang Wu Bu Wang Zhan·2025-09-10 15:24Core Viewpoint - General Motors is reducing production at its main electric vehicle factories due to weak demand, following the Trump administration's withdrawal of support for electric vehicles [1] Group 1: Production Adjustments - General Motors will suspend production of two Cadillac electric SUVs at its Tennessee plant in December and plans significant production cuts and temporary layoffs over the next five months [1] - The company will halt production for one week in October and November [1] - The second shift plan at the Kansas City plant has been indefinitely postponed [1] Group 2: Legislative Impact - The "Big and Beautiful" bill passed by the Trump administration in July rescinded key electric vehicle support policies, including a $7,500 consumer tax credit that had been in place for about 15 years [1] - The bill also froze penalties for automakers that fail to meet fuel efficiency standards [1] Group 3: Market Outlook - Analysts predict that electric vehicle sales will face challenges after the tax credit expires on September 30, leading automakers to increase production of gasoline vehicles [1] - Despite a significant increase in electric vehicle sales over the past year, most companies remain unprofitable, and General Motors' executives emphasize reliance on gasoline vehicle sales to navigate market changes and maintain flexibility and profitability [1]