It’s official: GM’s 200-mile, $30K electric Bolt car will be produced

Gigaom

Last month GM showed off an electric concept car called the Bolt, which was widely seen as a competitive shot at Tesla’s planned lower cost Model 3 car. Now on Thursday, ahead of the Chicago Auto Show, GM announced that the Bolt, indeed, will go into production.

[company]GM[/company] says the car will be built at the company’s Orion Assembly facility near Detroit, and GM will spend an initial $200 million to get the car into production, including $160 million for tooling and equipment, and $40 million for new dies.

The electric Bolt concept car from GM. The electric Bolt car from GM.

GM says the Bolt will “leverage” the battery tech used in the Volt, but if the range is supposed to be 200 miles on all-electric then the Bolt will have to use more advanced battery technology than the Volt. Quartz reported previously that LG Chem will supply the 200-mile battery for the Bolt.

GM has…

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