HomeTechAutomobileGM Confirms Arrival Of Next-Generation Chevy Bolt

GM Confirms Arrival Of Next-Generation Chevy Bolt

Furthermore, GM aims to achieve a capacity of 1 million EVs in the continent by 2025. In the meantime, Chevy has three other EVs scheduled for release this year: the Silverado, the Blazer, and the Equinox.

General Motors isn’t finished with the Chevrolet Bolt just yet. In April, it was revealed that the company would cease production of the popular, budget-friendly electric vehicle (EV) and electric utility vehicle (EUV) this year.

This decision was primarily due to the reliance on outdated battery cell technology and the ongoing factory refurbishment.

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However, there is positive news for EV enthusiasts as GM has confirmed the development of a new iteration of the Bolt.

Details about the new Bolt remain scarce, with GM planning to unveil them later this year. It comes as no surprise, though, that the next-generation model will incorporate GM’s advanced Ultium battery system and Ultifi software platform.

By leveraging these technologies, GM aims to expedite the reintroduction of the Bolt to the market, although no specific timeline has been provided.

GM made the announcement about Bolt’s future during its quarterly earnings call. The company highlighted record-breaking sales of the Bolt EV and EUV in the first half of 2023. Quarterly revenue reached $44.7 billion, a 25 percent year-over-year increase.

However, GM also acknowledged a $792 million charge related to a new partnership with LG, clarifying that it reflects their commitment to go beyond conventional measures in addressing the Chevrolet Bolt EV and Bolt EUV recall.

During the initial six months of 2023, GM manufactured around 50,000 EVs in North America. For the latter half of the year, the company has set an ambitious goal of doubling that production target.

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Furthermore, GM aims to achieve a capacity of 1 million EVs in the continent by 2025. In the meantime, Chevy has three other EVs scheduled for release this year: the Silverado, the Blazer, and the Equinox.

Additionally, on August 9th, the brand will unveil its first full-size electric SUV, the Escalade IQ.

 

 

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