GM CEO Mary Barra said on the Q3 2023 earnings call that the upcoming Chevy Bolt will be the automaker's first Ultium-based model to feature a LFP battery pack.
General Motors' third-quarter 2023 earnings call has brought some bad news for electric vehicle fans, including delays for several EV models, slower EV production, and EV product spending cuts. But there was also good news about the next-generation Chevrolet Bolt EV, which the company first confirmed in July when it said it would utilize GM's Ultium battery and drive technology. 'Another key launch for us is the next-generation Chevrolet Bolt EV.
'In the process we are saving billions in capital and engineering expense, delivering a significantly cost-improved battery pack using purchased LFP cells, we're getting to market at least two years faster, and our unit cost will be substantially lower,' she said. Barra added that this will be GM's first deployment in North America of LFP technology in the Ultium platform. There are a few key takeaways here.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chevy offers $1,400 to Bolt EV owners who endured lower charging levelsGM has announced that it will pay $1,400 to owners of 2020-2022 Bolt EVs and EUVs who endured a recall that limited range to 80 percent.
Read more »
Siskel and Ebert dissed The Three Amigos to Chevy Chase's face on The Tonight ShowIn an exclusive excerpt from 'Opposable Thumbs: How Siskel and Ebert Changed Movies Forever,' author Matt Singer recounts one of the critical duo's most audacious talk show moments: panning 'Three Amigos' while sitting right next to star Chevy Chase.
Read more »
GM delays production of Chevy Equinox, Silverado, and GMC Sierra Denali EVsGM is delaying production of the Chevy Equinox, Silverado, and GMC Sierra Denali EVs by “just a few months.” The company’s Q3 earnings beat expectations despite the UAW strike.
Read more »
UAW expands strike to General Motors' largest factory, where SUVs including the Chevy Tahoe are madeArlington Assembly in Texas is where GM workers produce the Chevrolet Tahoe, GMC Yukon and the Cadillac Escalade.
Read more »
GM offers $1,400 to Bolt owners for dealing with software-limited, fire-prone batteriesOwners of recalled Chevy Bolt models can get $1,400 after updating to a software final remedy that reduces range. Accepting the compensation means owners can’t sue or join future class action lawsuits over battery issues.
Read more »
Why GM is reviving the Bolt, the best-selling EV it almost discontinuedGM CEO Mary Barra just more details about the company’s plan to overhaul, rather than discontinue, the affordable Chevrolet Bolt EV.
Read more »