As reported by GM Authority just a few days ago, a second generation of the all-electric Chevy Bolt EV is on the way due to high demand and popularity. While this may be good news for fans of the affordable EV, it now appears as though the next-gen Bolt EV won’t be an entirely clean-sheet redesign.
During the Q2 2023 earnings report presentation, GM Chair and CEO Mary Barra announced the existence of a future second-gen Chevy Bolt EV, and commented that while the upcoming Bolt EV will utilize GM Ultium battery and Ultium Drive motor technologies, it won’t be entirely new underneath the skin.
“Our customers love today’s Bolt,” Mary Barra was quoted as saying. “It has been delivering record sales in some of the highest customer satisfaction and loyalty scores in the industry. It’s also an important source of conquest sales for the company and for Chevy, as more than 70 percent of customers are new to GM. We will keep some momentum going by delivering a new Bolt that delivers what customers have come to expect, which is great affordability, range and technology and we will execute it more quickly compared to an all-new program and with significantly lower engineering expense and capital investment by updating the vehicle with Ultium and Ultifi technologies and by applying our Winning with Simplicity discipline. We will have more details to share soon.”
The reasoning behind this decision simply comes down to cost considerations. General Motors is following a “Winning with Simplicity” ideal that strives to reduce design and engineering expense, supplier cost, order complexity, buildable combinations, and manufacturing complexity. Some examples of this in action include The General’s target of reducing trim levels by 50 percent though simplified marketing, engineering and manufacturing.
To this end, Barra claimed that the Ultium technologies costs roughly 40 percent less than the hardware currently found under the Chevy Bolt EV and Chevy Bolt EUV.
As a reminder, the Chevy Bolt EV and Chevy Bolt EUV ride on the GM BEV2 platform, which is a precursor to the more-modern GM BEV3 platform currently found underneath the Cadillac Lyriq and several Bow Tie electric vehicles. Production of the 2023 model year takes place at the GM Lake Orion plant in Michigan, and is currently scheduled to end on November 7th, 2023.