Update On The GM Bolt -- February 16, 2022

Link here. 

The Bolt, GM's only electric model marketed in the U.S. until the end of last year, will share its production site with two new GM electric models. The automaker said in January that it was going to invest $4 billion to build electric versions of its best-selling pickups, the Chevy Silverado and GMC Sierra, by 2024, in its plant in Orion Township.

The spokesman declined to specify whether GM had determined the number of Bolt units it intended to manufacture this year.

"We will continue to balance battery module production between the recall and retail production, which makes it difficult for us to provide any accurate projection on production volumes for the remainder of this year," Flores responded.

The company had halted production of the Bolt while it worked to replace defective batteries in cars that it had already sold. 

GM delivered 24,828 Chevrolet Bolt cars in 2021, up 19.6% from 2020. The end of the year was disastrous for the Bolt, whose design has evolved quite a bit. Only 25 cars were sold in the fourth quarter, compared to 6,701 vehicles a year earlier.

Tesla sold more than 120,000 Model 3 units in 2021.

The Bolt, however, is much more than numbers.

Presented in 2016 as the car that would enable GM to catch up with Tesla in the electric-vehicle market, the Bolt immediately won over the media. From headlines to awards, the car racked up accolades. Motor Trend crowned it "Car of the Year 2017" because "Chevy changes the game. Again."

Given the ambitious production targets set by GM, the resumption of production of the Chevy Bolt is good news for the automaker. The company wants to deliver 400,000 EVs in North America over the course of 2022 and 2023.

GM has projected it will overtake Tesla as the top U.S.-based seller of electric vehicles by mid-decade. The company has pledged to invest $35 billion in EVs by 2025. By the end of 2025, GM wants to have more than 1 million units of electric-vehicle capacity in North America.

Tesla produced nearly a million electric vehicles in 2021 and analysts expect that number to rise sharply in 2022

The newly redesigned Chevrolet Bolt has an estimated 259 miles of range. Its base price is $31,500.

As for the Model 3, its minimalist design and massive touchscreen control center set trends for the rest of the EV market. It has 267 miles of range (standard-range-plus model) and 334 miles (long-range model). The standard-range-plus begins at $40,690.