General Motors' third-quarter 2023 earnings call has brought some bad news for electric vehicle fans, including delays for several EV models, slower EV production, and EV product spending cuts.
But there was also good news about the next-generation Chevrolet Bolt EV, which the company first confirmed in July when it said it would utilize GM's Ultium battery and drive technology.
"Another key launch for us is the next-generation Chevrolet Bolt EV. I know there has been some speculation in the market as to why we are developing a new Bolt EV. Our strategy is to build on the tremendous equity we have in the brand and to do it as efficiently as possible," GM CEO Barra said on the Q3 2023 earnings call.
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