Chevy Bolt EV gross sales surge, as GM Ultium EVs trickle out

Chevrolet Bolt EV and Bolt EUV gross sales surged within the third quarter, Basic Motors introduced Monday in its quarterly replace, whereas gross sales of newer EVs primarily based on the Ultium structure have been only a trickle.

The 2 Bolt variants set a quarterly gross sales document, with a mixed 14,709 gross sales, GM stated, including that in response to strong demand it plans to extend international manufacturing to greater than 70,000 models for the 2023 calendar yr, up from a projected 44,000 for the 2022 calendar yr.

GM dropped costs on the Bolt EV and EUV earlier this yr, and it even supplied incentives for among the earlier mannequin years that have been nonetheless on seller tons. That was due to a large-scale battery-related recall that halted manufacturing of the Bolt EV for months in late 2021 and early 2022.

In the meantime, gross sales figures for Ultium EVs, which use widespread battery modules, a wi-fi battery-management system, and different parts that GM intends to make use of because the constructing blocks for a variety of future EVs, have been minuscule.

GM stated it delivered simply 411 GMC Hummer EV pickup vans and 76 Cadillac Lyriq SUVs—the one two Ultium fashions at present in manufacturing—in the course of the quarter. Whereas each are costly automobiles with decrease supposed gross sales volumes than the Bolt EV/EUV, they’re additionally seeing strong demand. Your entire first-year manufacturing run of the Lyriq is already offered out, in actual fact, and GM earlier this yr stated it was growing Hummer EV manufacturing to fulfill demand.

2023 Cadillac Lyriq

Lyriq deliveries solely not too long ago began, and GM indicated it should wanted to ramp up battery manufacturing from Ultium Cells LLC—its three way partnership with LG—to additional broaden manufacturing of each the Lyriq and Hummer EV.

“Ultium Cells opened its first cell plant, situated in Warren, Ohio, which can assist allow GMC Hummer EV and Cadillac Lyriq manufacturing to extend in 2023,” the automaker stated in an announcement.

GM can be taking a look at a lot larger gross sales volumes for the Chevy Equinox EV due subsequent yr. It wears the identify of a ubiquitous gasoline-powered crossover SUV and could have a $30,000 base worth, GM claims, though the entry-level model will not be out there firstly of manufacturing.