2/18/2023 0 Comments Chevy volt 2021To date, Chevrolet has received 170,000 reservations for its Silverado EV and GMC has received 90,000 reservations for its respective pick-up truck and SUV. This will allow GM to resume production of the GMC Hummer EV in late November. GM is upgrading its Factory ZERO to accommodate the rising demand for electric vehicles (EV). Work is also progressing at CAMI Assembly in Ontario, Canada, which will build BrightDrop trucks, and Orion Assembly in Michigan, which will produce EV trucks. GM is currently working with the Ultium Platform at Spring Hill Assembly in Tennessee and Factory ZERO in Michigan, which are both producing automobiles. So, GM will be able to keep those battery plants running. In North America, GM says it has contracts that ensure all required battery raw material to meet its yearly EV capacity target by 2025, including lithium, nickel, cobalt, and whole-cathode active material. Soon, we’ll have more information about the fourth location. In addition to the existing Ultium Cells facility in Warren, Ohio, a plant will be built in Tennessee next year and one in Michigan in 2024. GM and the company’s suppliers and joint venture partners have been executing a closely coordinated strategy to increase EV production in North America to more than 1 million vehicles a year by 2025 since unveiling the Ultium Platform in March 2020.įirst off, four battery cell ventures are currently in the works. Unlike the Bolts, Ultium cars will support much faster DCFC speeds and will have a body structure that is neither cheap unibody nor body-on-frame.īut, for these vehicles, they’re going to need batteries. But, on top of ramping up production for these two models, the company is also working on a number of other models based on the Ultium architecture. If you only look at what shows up on dealer lots, you might think the Bolt EV and EUV are Chevy’s only two vehicles it’s focusing on (sadly, the Volt was discontinued a few years ago). Supporting This Production Increase Along With Ultium Vehicle Ramp-Ups Selling cars that most people can actually afford makes a big difference. Now, we’re getting some confirmation that the strategy is actually working. How? By focusing on the sub-$35k market like it did with the Bolt price drops. GM has a very ambitious plan to not only catch up to, but pass Tesla production numbers for EVs. This may seem like a surprise to people who mainly watch Tesla, but people keeping an eye on the competition in this wide open field may recall an article from July where I covered a very important interview with Mary Barra, the company’s CEO. So, expect to see a lot more Bolts on the road next year. So, it’s going to up the production of Bolt vehicles from the current level of around 44,000 vehicles to “more than 70,000” in 2023. With the strong response to the new low (and permanent) pricing for the Bolt EV and EUV, GM wants some more of that action. The total sales for Q3 alone were 14,709, which doesn’t sound like a lot, but it’s the biggest quarter the Bolt Family has had since things started in 2017. With the announced 2023 price drops, followed by factory incentives for 2022 vehicles to match the prices (and keep 2022 sales going), the Bolt Brothers have been selling like hotcakes. But, there were some nuggets of information that I should have dug for sooner, because they’re going to have a big impact on the EV world.įirst off, GM announced record sales of the Chevy Bolt EV and Bolt EUV. The headline bragged about sales for Full-Size SUVs, Full-Size Pickups, and Large Luxury SUVs, and with one exception (the Hummer EV), they probably weren’t talking about EVs. I have to admit that I initially skipped over GM’s latest press release.
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