According to Automotive News, GM will shut the Orion Assembly Plant in Michigan plant down on Monday, August 23rd through to August 30th. This marks the first time the automaker has paused production at Orion Assembly since the chip shortage began, despite the Bolt EV accounting for only a small amount of Chevy’s overall sales. GM CFO Paul Jacobson said previously the automaker was safeguarding chips for its full-size trucks and SUVs, which are its most profitable models, in addition to EVs.
Production of the 2022 Chevy Bolt EV and related 2022 Chevy Bolt EUV crossover began at Orion Assembly earlier this year, with deliveries of the two vehicles commencing in May. The Chevy Bolt EV has been heavily updated for the 2022MY, receiving updated exterior styling and an overhauled interior. The 2022 Bolt EUV, meanwhile, is a larger, crossover version of the regular Bolt EV that offers some additional features, including available GM Super Cruise technology.
According to an Autoforecast Solutions report referenced by Automotive News, GM’s chip-related production losses are on pace to reach more than 7.1 million vehicles globally this year. The automaker said previously it expects the chip shortage to trim $1.5 to $2 billion from its 2021 earnings.
GM also spent $800 million in Q2 this year alone on the Chevy Bolt EV battery fire recall. The automaker is replacing battery modules in thousands of examples of the battery-electric hatchback after it received reports of customer cars spontaneously catching fire while parked and/or charging. It has also offered buy backs to certain customers affected by the problem.