GM is not going to kill off the Chevy Bolt EV in any case | TechCrunch

GM’s best-selling EV is sticking round in any case.

GM Chair and CEO Mary Barra stated Tuesday through the firm’s quarterly earnings name that the corporate will produce a next-generation Chevrolet Bolt EV outfitted with its new Ultium architecture that features a new battery cell design. The choice comes simply three months after Barra had introduced GM would stop producing its two top-selling EVs: the Chevy Bolt and its bigger sibling, the Bolt EUV, by the tip of 2023. The plan was to retool its Orion Michigan manufacturing facility, which presently assembles the Bolt, for electrical truck manufacturing.

“Our clients love at this time’s Bolt. It has been delivering file gross sales and among the highest buyer satisfaction and loyalty scores within the business,” Barra stated through the name with analysts. “It’s additionally an essential supply of conquest gross sales for the corporate and for Chevrolet.”

Particulars on this next-generation Bolt had been scarce. Barra didn’t say when the next-generation Bolt EV would go into manufacturing. The automaker, nor Barra, solely generically referred to the Bolt and didn’t elaborate on whether or not the marginally bigger Bolt EUV can be included within the reboot plans.

Barra did say this Bolt EV’s turnaround would occur on an accelerated timeline and “with considerably decrease engineering expense and capital funding by updating the car with Ultium and Ultifi applied sciences and by making use of our ‘successful with simplicity’ self-discipline.”

GM’s Ultium structure and battery design in addition to its Ultifi software program platform would be the basis for its new slate of EVs, a portfolio that may embrace the Chevrolet Silverado EV, Blazer EV and Equinox EV. All three of these automobiles are launching this 12 months.

GM additionally raised its 2023 steerage on Tuesday and stated it could enhance cost-cutting by one other $1 billion because it pursues increased earnings.