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GM to end production of electric Chevy Bolt, its first mass-market EV, later this year - TL;DR CNBC

GM to end production of electric Chevy Bolt, its first mass-market EV, later this year

Publishing timestamp: 2023-04-25 12:20:44


Summary

General Motors plans to stop production of its electric Chevrolet Bolt models by the end of this year due to the older design and chemistry of the battery cells. The company plans to retool the suburban Detroit plant to prepare for the production of electric Chevy Silverado and GMC Sierra trucks scheduled for next year. GM expects to launch several new EVs later this year based on the Ultium platform, including the Equinox EV, Blazer EV, and Silverado EV. The company aims to reach a production capacity of 1 million EVs annually in the US and China, each, to catch up to industry leader Tesla.


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Keywords: mary barradetroittransportationbusinesstesla incbusiness newsenvironmenttechnologygeneral motors cobreaking news: businessunited statesautos

Source: https://www.cnbc.com/2023/04/25/gm-bolt-ev-production-to-end-later-this-year.html


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