In GM's recent Q3 earnings call, CEO Mary Barra revealed some interesting new details about the return of the Chevy Bolt.
In GM’s recent Q3 earnings call, CEO Mary Barra revealed some interesting new details about the return of the Chevy Bolt. Based on what she said and some of the recent headwinds the EV market has been facing, it seems pretty clear that a new Bolt is exactly what GM needs. Let’s start with the details she revealed in the call!Originally, GM was going to end Bolt and Bolt EUV production, replacing the vehicles with more expensive models.
In other words, current market conditions simply aren’t going to allow manufacturers to sell super expensive electric trucks and SUVs. So, counting on being able to start at the expensive top and work their way down as volumes increase isn’t going to fly. For the EV transition to work, these companies are going to need to offer affordable models ASAP and rein in costs for the more premium offerings.“Another key launch for us is the next-generation Chevrolet Bolt EV.
So, GM had to think fast, and Chevrolet already has a budget EV. But, let’s face it: the regular Bolt EV is kind of an ugly duckling. Americans want a more SUV-like hood, more interior space, and other crossover features. GM seems to be aware of this, because the execs decided it would be best to start with the EUV.
But, in a departure from the company’s Ultium approach, it’s getting a revised battery pack with lithium-iron-phosphate chemistry. This means better durability, lower costs, and better profits for GM.I reached out to GM and asked whether the delay in moving the Orion plant to Silverado EV production will mean more current-generation Bolt production.
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