GM does a U-turn to save the Chevy Bolt

, Barra made a significant exception, reversing a decision to phase out the Chevrolet Bolt.

GM is now planning a second-generation Bolt that will come with a new, more efficient Ultium battery pack that should cost 40% less than the current Bolt's battery technology, Barra told analysts.The decision to save the Bolt without re-engineering it from top to bottom reflects a new emphasis on what Barra called "winning with simplicity."

The Bolt's cost has been key to its relative success with a price that starts at $27,495 before federal and state EV purchase subsidies. Barra and GM officials did not say how much the new Bolt would cost or where it would be built.Model 3 and Model Y outsell the Bolt in the United States by roughly four to one. For GM, the Bolt has been the mainstay for its North American EV sales.

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