That's the part that makes me think the rumor is true. GM can not wait 10 years to have an EV pickup. They need one yesterday.
Just so I don't have to keep saying "if it's true", let's assume it is until we hear otherwise as I expect this will be a popular topic.
It's possible that it may be a posturing by GM to secure batteries. Tesla may have negotiated the motors into the conversation if all GM really wanted was batteries. I think VW has locked in to a significant portion of either LG or Samsungs output and that seems to be what most of the experts feel the bottleneck will be if the production forecasts are to be believed. I think this theory has maybe a 10% chance of being true however because...
This from a recent Senate hearing on the topic.
"Benchmark Mineral Intelligence is now tracking
70 lithium ion battery megafactories under construction across four continents,
46 of which are based in China with only
five currently planned for the US.
When I gave my last testimony
in October 2017, the global total was at 17. Only one of these battery megafactories is American owned (Gigafactory 1, Tesla). This, however, was the world’s biggest battery plant and fourth biggest battery producer in 2018.
Since October 2017, planned lithium ion battery capacity in the pipeline for the period 2019- 2028 has
risen from 289GWh to 1,549GWh (1.54TWh) in Benchmark Mineral Intelligence’s February 2019 Assessment. This expanded capacity is the equivalent of
23-24 million sedan-sized electric vehicles."
I also have to question what's become of GM's Global Battery Systems Lab?
Will GM back off on supporting the lobbying efforts to keep Tesla from selling cars in Michigan?
What about Tesla's own pick-up truck program?
Could this be why GM has very little interest in supporting the DCFC national network if a member of the supercharger network?
Will we see a GM EV truck block a supercharger?
The more I think about it, the more skeptical I am that it's true. When I first heard the rumor last week, my money was on Ford. GM was my last guess.