James Picariello: Hi, everyone. Just on back to the GM’s EV pricing relative to the market in North America, how would you assess GM’s price competitiveness given the latest moves by competitors? It sounds as though demand in your order books are quite full. But just given the more recent competitive responses by others it would be curious to get your take whether your GMC is the opportunity to reposition or we also have the IRA defined MSRP caps as well to consider. Thanks.
Mary Barra: Sure. Well, I think that’s the strength of what General Motors is planning to launch this year. Many of the products that we have are going to be below the caps because we have a full portfolio of EVs at multiple price points. When you think about the Equinox EV, the Blazer EV and then the Silverado as well as the LYRIQ, I think we’re really well positioned. And these are brand-new products into the marketplace that we have really strong interest. So that’s why both Paul and I feel that right now, based on the interest and the fact that the pricing that we put out even before the IRA came out, was very appropriate. We’re going to — and because of the strength of the Ultium platform, that’s what enables us to do that along with the fact that we’re ahead from most of the, I’ll say, the traditional OEMs and getting battery cells produced in this country.
So I think if you look at the strategy we’ve been executing we’re well positioned, and the strength of our product portfolio, I think is what is giving us the confidence to where we sit right now with feeling that we’re priced appropriately.
James Picariello: Understood. And then just within the 400,000 cumulative EV production target by the first half of next year, can you just mention what portion of that would be your EV truck platform?
Mary Barra: We haven’t provided that kind of specific analysis, but the fact that the HUMMER to begin with, and that will ramp significantly this year and even more next year as we’re completely sold out. And then the Silverado that we think we’re going to — the Silverado EV work truck and then the RST comes at the — toward the end of the year. I mean I think all of those are very significant products that are going to do very well, but we’re not giving specific numbers.
James Picariello: Understood. Thanks.
Operator: Thank you. Mark Delaney with Goldman Sachs. You may go ahead.
Mark Delaney: Yes, good morning and thank you very much for taking the question. Is GM considering changes to its longer-term battery plans for North America has there have been media reports recently suggesting both the GM is considering adopting cylindrical cells and also the GM and LG may not partner on a fourth battery plant?
Mary Barra: So first, one of the strong points of the LCM platform is that it’s chemistry agnostic, and it can take pouch, prismatic or cylindrical cells. And so we can look to what is going to be the right battery for the specific vehicle from a performance perspective. So we have that complete flexibility. We have very important work going on with LG Energy Solution. They’re an incredibly important partner to us. And we’re working well together as we mentioned, with the launch of the Orion or excuse me, the Lordstown plant and then Spring Hill and then the plant in Michigan. So we’re working well together, and we are going to need a fourth plant and more plants beyond that. And as we have those details to share, we will share them. But right now, there’s nothing that’s really changed in our plan to have battery manufacturing capability here in the U.S. and broadly in North America as well.
