GM's Bold Move: Reviving the Best-Selling Bolt EV Despite Initial Plans for Discontinuation

General Motors (GM) has announced that it will revamp the Chevrolet Bolt electric vehicle (EV) instead of discontinuing it as originally planned. The decision was influenced by the Bolt's popularity and strong sales performance, with a sales surge of over 50% in 2022 and almost 50,000 units sold this year. The revamped Bolt will feature GM's improved Ultium platform, durable lithium-iron phosphate (LFP) battery cells, and NACS charging ports compatible with Tesla's Supercharger network. The new model is expected to offer a better driving, charging, and ownership experience while saving on capital and engineering expenses. Production of the current Bolt will end in December, and details about the release date and manufacturing location of the revamped model have yet to be announced.