GM to cut prices on EV Chevrolet Bolt up to 18 %

1/6/2022 10:48:00 PM

GM to cut prices on EV Chevrolet Bolt up to 18 %

GM to cut prices on EV Chevrolet Bolt up to 18 %

General Motors Co on Wednesday said it will sharply cut prices on its electric Chevrolet Bolt after the Detroit automaker had halted sales for six months following a battery recall.GM is cutting prices on the Bolt by around $6,000 and by as much as 18 per cent for the lowest-price version, which will star

General Motors Co on Wednesday said it will sharply cut prices on its electric Chevrolet Bolt after the Detroit automaker had halted sales for six months following a battery recall.GM is cutting prices on the Bolt by around $6,000 and by as much as 18 per cent for the lowest-price version, which will start at $26,595, down from $32,495. The Bolt EUV will start at $28,195 down from $35,695.

"This change reflects our ongoing desire to make sure Bolt EV/EUV are competitive in the marketplace," GM said in a statement, adding"affordability has always been a priority for these vehicles."The pricing change was reported earlier by the Verge.

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LinkedIn General Motors Co on Wednesday said it will sharply cut prices on its electric Chevrolet Bolt after the Detroit automaker had halted sales for six months following a battery recall.LinkedIn Japanese auto companies are likely to post record profits this year as they raise vehicle prices and cut costs to mitigate the hit from soaring inflation, J.CarBuyer Pexels Singapore - The Land Transport Authority (LTA) today announced efforts to train and certify automotive technicians in the servicing and maintenance of electric vehicles (EVs), the better to prepare Singapore for the mainstream future of EVs as part of the Green Plan 2030.LinkedIn Eight electric vehicle manufacturers have adopted a US National Transportation Safety Board (NTSB) recommendation to improve emergency response guides and incorporate vehicle-specific information for fighting lithium-ion EV battery fires.

GM is cutting prices on the Bolt by around $6,000 and by as much as 18 per cent for the lowest-price version, which will start at $26,595, down from $32,495. The Bolt EUV will start at $28,195 down from $35,695. Morgan analysts said on Tuesday. "This change reflects our ongoing desire to make sure Bolt EV/EUV are competitive in the marketplace," GM said in a statement, adding"affordability has always been a priority for these vehicles. We recently tested Audi’s E-Tron range on – yes – the North-South Highway in Malaysia! Audi E-Tron Feature: Can you drive an EV to Malaysia? First of all, the LTA (with its partners) will establish ‘baseline competencies on safe handling of high voltage systems, as well as electrical troubleshooting and diagnostics’ which will become a set of fundamental skill/knowledge set for EV competency." The pricing change was reported earlier by the Verge.88) in fiscal 2022. GM said it plans to build more Bolt EVs and EUVs this year than in any other year since it launched in 2016.

Bolt sales in 2021 hit a high of 24,828 vehicles. The brokerage also upgraded Japanese auto industry's bellwether, Toyota Motor Corp, to"overweight" from"neutral", citing its production recovery, price positioning, among other things, amid concerns that inflation could eat into the company's earnings. ALSO READ: This new Kei-sized Nissan Sakura EV is perfect for Singapore roads Following this, a ‘national-level certification programme’ will be founded to recognise those who have achieved certification, which can then be a basis for advanced or future EV training. GM resumed Bolt production in April following a major battery recall in August and began resuming sales earlier this year. The company in August widened a recall of the Bolt to more than 140,000 vehicles to replace battery modules after a series of fires in parked vehicles, and halted production and retail sales. Besides high commodity prices, global auto production has also suffered from semiconductor shortages and China's COVID-19 lockdowns, with car sales in China, Europe and the United States remaining depressed compared with a year earlier. GM said in August it had recalled all Bolt vehicles built since it began production. Grooming the next generation of talent is a shared responsibility and Inchcape Singapore is committed to play our part in people development. In April, GM launched an advertising campaign for the Bolt to win back consumers following the expensive recall that had stopped production.5 million units, with Japanese OEMs global production at 24.

In February, the National Highway Traffic Safety Administration (NHTSA) closed an investigation into the Bolt fires"in view of the recall actions being taken by General Motors" and after reviewed reports of 24 Bolt fires. GM sold just 358 Bolt vehicles in the United States in the first three months of 2022, down from 9,025 in the same period in 2021, and 99 Hummer EV pickups. ($1=127. Looking for an EV charger in Singapore? Here’s what you should know List of parties included in the MOU 1 BMW Asia Pte Ltd 2 BYD (Singapore) Pte. The company has been lobbying Congress to extend a $7,500 tax credit for EV purchases. Both GM and Tesla previously hit a 200,000 cumulative EV sales cap and no longer qualify for the credit unlike other automakers. Source: Reuters . Ltd.