GM Authority previously reported on Barra’s remarks during an early summer interview when the executive said the “Bolt is something that has built up a lot of loyalty and equity” and added that she couldn’t discuss future projects, seemingly hinting at the return of the Chevy Bolt.
The General seemingly axed the Chevy Bolt EV and Chevy Bolt EUV from its lineup back in January of this year as was exclusively reported by GM Authority. Manufacture of the Bolt was to cease permanently once production of the 2023 Chevy Bolt EV and 2023 Chevy Bolt EUV wrapped up on November 7th, 2023 after a model year production run time of 16 months and 70,000 total units built.
The current Chevy Bolt is a relic of an earlier era in GM EV development, explaining why the vehicle was scheduled to be discontinued. The advent of GM Ultium batteries and GM Ultium Drive motors marked the beginning of GM’s third generation of electric vehicle tech, while the Bolt used second-generation technology.
Streamlining production of EVs for efficiency and cost purposes led GM to focus exclusively on the third-generation technology used in the GMC Hummer EV, Cadillac Lyriq, Chevy Silverado EV, Chevy Blazer EV, Chevy Equinox EV, and others. Maintaining a parallel production line and technology branch for the Chevy Bolt alone would have been inefficient and likely costly.
Now, however, the Chevy Bolt is to rise phoenix-like from the ashes with a fresh, third-generation technology lease on life. GM plans on “updating the vehicle with Ultium and Ultifi technologies,” Mary Barra said during the earnings call.
She added that use of the third-gen tech will “significantly lower engineering expense and capital investment.” It will enable developing the new Chevy Bolt “more quickly compared to an all-new program.” This “will keep the momentum going” with GM customers, whom she said “love today’s Bolt.”
Barra praised the Chevy Bolt as one of GM’s more successful nameplates, noting it “has been delivering record sales and some of the highest customer satisfaction and loyalty scores in the industry.” She added that the small, chunky EV is “also an important source of conquest sales for the company and for Chevrolet.”
GM says that further details about the next-generation Chevy Bolt will be released at a future date, along with more specific information on when it can be expected to debut and launch. It’s unclear at the moment which platform the Bolt will be built on, and where the vehicle will be manufactured, as the GM Lake Orion plant in Michigan will be retooled to build Chevy Silverado EV and GMC Sierra EV units.
Even as the current-generation Chevy Bolt EV and EUV enter their final few months of production, they continue to generate sales and revenue, with the Bolt outselling all but a handful of GM models in Canada.