General Motors’ Q3 2023 earnings call brought both challenges and positive developments in the world of electric vehicles. GM’s CEO, Mary Barra, addressed the status of the next-generation Chevrolet Bolt EV, emphasizing the company’s strategic approach.
While acknowledging previous speculation about the new Bolt EV, Barra clarified that GM’s intention is to build upon the brand’s strong reputation and do so with maximum efficiency. GM has modified its plans, moving away from a $5 billion investment in multiple new entry-level EVs, including the Bolt EV, and opting to leverage the successful attributes of the current Bolt EUV, as well as the Ultium platform, advanced software, and NACS (National Active Chassis System).
