“Even Better” Next-Gen Chevy Bolt To Get Cheaper LFP Battery

Normal Motors’ third-quarter 2023 earnings name has introduced some dangerous information for electrical car followers, together with delays for a number of EV fashions, slower EV manufacturing, and EV product spending cuts.

However there was additionally excellent news concerning the next-generation Chevrolet Bolt EV, which the corporate first confirmed in July when it mentioned it will make the most of GM’s Ultium battery and drive know-how.

“One other key launch for us is the next-generation Chevrolet Bolt EV. I do know there was some hypothesis available in the market as to why we’re growing a brand new Bolt EV. Our technique is to construct on the super fairness now we have within the model and to do it as effectively as potential,” GM CEO Barra mentioned on the Q3 2023 earnings call.

She famous that GM ditched an earlier plan to spend $5 billion on a number of new entry-level EVs, together with the Bolt EV, and is now “leveraging the most effective attributes of as we speak’s Bolt EUV, in addition to Ultium, our newest software program, and NACS.”

By doing so, the next-gen Bolt EV “will ship a good higher driving, charging, and possession expertise with a car we all know prospects love,” the chief mentioned.

Barra then revealed that the next-gen Bolt EV will function a lithium-iron-phosphate (LFP) battery pack, however she shunned providing any vary estimates. Apparently, she did not explicitly say the brand new Bolt may have higher vary than the present one, which tops out at 259 miles EPA for the hatchback and 247 miles EPA for the crossover. 

“Within the course of we’re saving billions in capital and engineering expense, delivering a considerably cost-improved battery pack utilizing bought LFP cells, we’re attending to market no less than two years sooner, and our unit price shall be considerably decrease,” she mentioned.

Barra added that this shall be GM’s first deployment in North America of LFP know-how within the Ultium platform.

There are just a few key takeaways right here. To start with, GM’s CEO urged the next-generation Bolt is predicated on the present Bolt EUV, which doubtless means it’s going to solely come as a crossover, ditching the hatchback physique fashion. This additionally hints on the future Bolt not being an all-new effort; it’s going to in all probability borrow some components from the outgoing Bolt EUV.

Second, the next-gen Bolt will function an LFP battery pack that may assist decrease prices, making it extra reasonably priced for consumers. It stays to be seen if the second-gen Bolt shall be extra reasonably priced than the outgoing model, although. The 2023 Bolt EUV begins at $27,800 (excluding delivery), a quantity that is very exhausting to beat.

Third, the upcoming Bolt shall be a good higher EV in each space, which is nice information. Lastly, the enhancements are mentioned to result in elevated profitability and advancing the market launch by two years.

GM is but to announce a launch date for the next-generation Chevrolet Bolt.

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