Why GM is reviving the Bolt, the best-selling EV it almost discontinued
Publishing timestamp: 2023-10-24 15:58:01
Summary
General Motors (GM) has announced that it will revamp the Chevrolet Bolt EV instead of discontinuing it as originally planned. The decision was made due to the surge in Bolt sales and the popularity of the current model. The revamped Bolt will feature LFP batteries, a Tesla-style charging port, new motors, and software. The company has not yet announced the release date for the new Bolt. GM's CEO, Mary Barra, stated that by leveraging the best attributes of the current Bolt and incorporating the latest software and charging ports, they will deliver an improved driving, charging, and ownership experience. The decision to revamp the Bolt will save the company billions in capital and engineering expenses. The current Bolt production will end this year, and the factory will be retooled to produce electric versions of GM's pickup trucks. The new Bolt is expected to attract new buyers with its improved features and lower costs.
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Keywords: business news, business, general motors co, breaking news: technology, climate, tesla inc, technology, electric vehicles,
Source: https://www.cnbc.com/2023/10/24/general-motors-chevrolet-bolt-ev-ultium.html