GM is retiring one other gas-powered automotive at its Kansas plant to clear room for the next-gen Chevy Bolt EV. The power will quickly home a brand new “household of Bolt fashions” as GM brings again the favored, low-cost EV.
GM is retiring the gas-powered Cadillac XT4
GM introduced it can retire the gas-powered Cadillac XT4 SUV in January because it prepares to reintroduce the Bolt.
The XT4 is Cadillac’s most cost-effective SUV, beginning at $41,990. Nonetheless, gross sales are down 12% by way of the primary 9 months of 2024 after slipping 28% in This fall 2023.
GM already introduced plans in Might to retire the Chevy Malibu to make room at its Kansas plant for next-gen EVs, together with the Bolt. The Malibu shall be phased out this month after over 10 million fashions have been offered since 1964.
Though GM mentioned XT4 manufacturing would start once more on the identical line because the Bolt EV, a brand new Reuters report means that now not seems to be the case.
The report claims GM will now solely construct Bolt fashions on the meeting line. Manufacturing of the earlier Bolt ended on the finish of 2023.
Since then, we’ve discovered there’ll truly be a number of Bolt EV fashions. GM’s president, Mark Reuss, confirmed that the brand new mannequin could be part of “a household of Bolts,” together with a fair lower-priced mannequin.
Reuss mentioned costs will initially begin barely increased than the $28,785 MSRP on the earlier mannequin, however it will likely be an improve with quicker charging.
GM CEO Mary Barra claims the brand new Bolt will provide “a fair higher driving, charging, and possession expertise” with new tech. It can even be the primary EV within the US to characteristic LFP batteries.
The corporate is anticipated to start constructing next-gen Chevy Bolt EV fashions in late 2025 as a 2026 mannequin yr.
GM is investing $390 million in its Fairfax, Kansas plant to arrange it for re-introducing the next-gen Chevy Bolt EV.
Electrek’s Take
GM reached a milestone final month, promoting its 300,000th EV within the US since 2016. The Chevy Bolt EV accounted for the nice majority of these gross sales.
Chevy Bolt EV gross sales totaled 62,045 in 2023, 38,120 in 2022, 24,828 in 2021, 20,745, 16,418 in 2019, 18,019 in 2018, and 23,300 in 2017. As well as, one other 8,582 have been offered in 2024. So, of the 300,000, over 212,000 of them have been Bolt EVs.
The corporate is coming off a file 32,095 electrical autos offered within the third quarter as its different Ultium-based EVs, together with the brand new Chevy Blazer, Equinox, and Silverado EVs, are rolling out to sellers nationwide.
GM continues introducing lower-priced fashions, just like the 2025 Equinox EV LT. Beginning at $35,000, the corporate claims it’s the “most inexpensive EV within the US with +315 miles vary.”
With the next-gen Chevy Bolt anticipated to be much more inexpensive, the brand new mannequin might be GM’s largest but.
