GM has 140,000 reservations for Chevrolet Silverado EV

General Motors now has about 140,000 reservations for the upcoming electrical model of its Chevrolet Silverado pickup, CEO Mary Barra stated throughout GM’s first-quarter earnings presentation on Tuesday.

GM has promised that the Silverado EV may have not less than 400 miles of vary, new fast-charging capabilities, and a four-wheel steering system when it goes into manufacturing early subsequent 12 months.

GM is positioning the Silverado EV as a direct rival to Ford Motor‘s electrical F-150 Lightning. Ford had about 200,000 reservations for the F-150 Lightning when it stopped taking new orders for the truck in December. Manufacturing of the Lightning began earlier Tuesday.   

GM’s shares have been up about 0.7% in after-hours buying and selling. The corporate reported a decline in first quarter internet earnings and revenue margin Tuesday afternoon.