Chevrolet Announces Next-Gen Bolt EV is Coming
General Motors Chair and CEO Mary Barra announced today during the company’s quarterly earnings conference call that Chevrolet will introduce a next-generation Bolt. The updated model will continue to offer customers the affordability, range, and technology they have come to expect from the Bolt.
“Our customers love today’s Bolt. It’s delivering record sales and some of the highest customer satisfaction and loyalty scores in the industry,” said Barra. “The Bolt is also a key driver of conquest sales for both the company and for Chevrolet.”
Barra emphasized the company’s plan to accelerate the new Bolt’s development by incorporating advanced Ultium and Ultifi technologies. This approach will significantly reduce engineering expenses and capital investments compared to creating a completely new model.
While specific details about the next-generation Bolt’s release date and features will be announced later, it is expected to join Chevrolet’s expanding range of all-electric vehicles. This lineup includes the Silverado EV, Blazer EV, and Equinox EV, all slated to launch this year.
Since its introduction in 2017, the Chevrolet Bolt has been a game-changer as the first long-range, mass-produced EV at an affordable price, says the company. Sales of the Bolt EV and Bolt EUV in the first half of 2023 have been the strongest yet. Chevrolet reports that 80% of Bolt owners remain loyal to the brand, and nearly 70% of customers trading in a vehicle for a Bolt are trading in a non-GM product.
Back in April, GM announced it would end production of the Chevy Bolt at its Orion, Michigan plant. Back in August 2021, GM had to recall every Chevy Bolt ever made, over a battery-fire risk.