General Motors will ramp up production of the Chevrolet Bolt EV and Bolt EUV following strong sales of both models after their starting prices were slashed in June.
During the third-quarter, the car manufacturer sold 14,709 examples of the Bolt EV and Bolt EUV, a quarterly sales record for the two models. This comes after a troubled year for the duo when a recall halted production for six months and sales dried up. Despite the positive Q3, Bolt sales are still down 11 per cent for the first nine months of the year compared to the same period in 2021.
In response to strong sales, GM says it will increase Bolt calendar-year production for global markets from approximately 44,000 vehicles in 2022 to more than 70,000 in 2023.
Read More: Chevrolet Slashes 2023 Bolt EV And EUV Prices By Up To $6,300
Price cuts have generated renewed interest in the Bolt EV and Bolt EUV after months of bad publicity during the battery recall. A 2023 Bolt EV can now be purchased for as little as $26,595 including destination, representing a saving of $5,900 over the 2022 model. Additionally, prices for the 2023 Bolt EUV have dropped by $6,300 with it being available from $28,195.
Separately, GM has revealed that it will accelerate body shop upgrades at Factory ZERO for the Silverado EV while also taking other steps to scale up EV production in 2023. While GM is performing factory upgrades, production of the GMC Hummer EV will be paused for several weeks starting in late November.
Production of the all-electric Cadillac Lyriq will also increase in the fourth quarter compared to the third quarter while the carmaker will also introduce additional production shifts for the Hummer EV in 2023.
Work continues on GM’s CAMI Assembly site in Ontario, Canada which will build electric vans for BrightDrop and its Orion Assembly plant in Michigan which will build electric trucks. Combined, the Factory ZERO and Orion plants will have the capacity to build 600,000 electric trucks annually.
