The electric carmaker has been growing fast in recent years, but Elon Musk, its chief executive, appears to be concerned about a weakening economy.
The automaker said the move would further its electric-vehicle goals. It may also defuse tensions with the U.A.W. ahead of contract talks next year.
The automaker, which owns Jeep and Ram, is seeking to catch up in a global race to build electric cars and trucks.
Production problems in China and Elon Musk’s pursuit of Twitter are leading investors to wonder whether the electric car company is worth as much as they thought.
The General Motors chief says efficiencies, innovations and learning from mistakes will allow her company to become a leader in electric vehicles.
The automaker reported an 11 percent jump in revenue for the first three months of the year compared with a year earlier.
The electric carmaker had to close an important factory in Shanghai because of China’s efforts to stamp out a coronavirus outbreak.
Ford’s chief executive is about to introduce an electric F-150 pickup truck that could determine whether the automaker can survive and thrive in an industry dominated by Tesla.
Delays in producing the pickup have allowed rivals like Ford to beat Tesla to market with electric pickups.
For now, supply may be constrained, but Hyundai is putting a big bet on building electrics for the American market.