GM has 140,000 reservations for the Chevrolet Silverado EV

Chevrolet Silverado EV RST from 2024

GM

General Motors now has around 140,000 reservations for the next electric version of its Chevrolet Silverado pickup, CEO Mary Barra said during GM presentation of first quarter earnings Tuesday.

GM has promised the Silverado EV will have at least 400 miles of range, new fast-charging capabilities and a four-wheel steering system when it goes into production early next year.

GM is positioning the Silverado EV as a direct rival of Ford engineThe electric F-150 Lightning. Ford had around 200,000 reservations for the F-150 Lightning when it stopped receiving new orders for the truck in December. Lightning production started Tuesday earlier.

GM’s stock was up about 0.7% in after-hour trading. The company reported a decline in first quarter net earnings and profit margin on Tuesday afternoon.

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