New Chevrolet Bolt will likely ditch the subcompact hatch for a crossover SUV body as GM confirms LFP batteries and Ultium platform

New Chevrolet Bolt will likely ditch the subcompact hatch for a crossover SUV body as GM confirms LFP batteries and Ultium platform

While electric vehicle buyers took a hit when Chevrolet announced it would stop producing the Bolt EV by the end of 2023, hope was restored when the General Motors-owned brand announced that what was once the champion of affordable electric vehicles would make a comeback in… the world. The coming years.

Now, in a third-quarter earnings call (via CarBuzz), GM CEO Mary Barra confirmed a number of details regarding the next-generation Chevrolet Bolt. First and foremost, Barra confirmed that the new Bolt EV will be the first North American vehicle built on the Ultium platform to use LFP batteries. Not only are LFP batteries cheaper to produce, but GM has already purchased the cells in question, reducing R&D cost and time.

Chevrolet also aims to provide the new Bolt with greater range, faster charging, and more convenience features for end users.

Additionally, and perhaps most importantly for many potential Bolt buyers, GM has confirmed that the next-generation Bolt will share many components found in the Bolt EUV, which was previously a compact crossover version of the Bolt. The obvious result of this is that the Bolt lineup will ditch the small hatchback form factor in favor of a crossover SUV body.

GM’s focus with the new Bolt appears to be to reduce cost and shorten the development timeline as much as possible by combining the Ultium platform, which can be easily adapted to a number of vehicle shapes and sizes, with the known battery chemistry and existing parts of the Bolt EUV, GM claims it can Coming to market with the next-gen Bolt at least two years earlier than previously expected.

That last claim is a bit vague, since GM hasn’t mentioned a timeline for development of the updated Bolt before then, but the indication of lower costs is likely a positive for both the average car buyer looking to get into EVs and EVs. The industry as a whole.

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(Tags for translation) Chevrolet

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