General Motors held a press conference today to update the media on its partnership with LG and their supply relationship for the upcoming Chevy Bolt. GM confirmed that the Korea-based electronic giant will make most of the components that make the Bolt an electric vehicle including the battery pack, the electric motor and the power electronics. Automakers have been outsourcing the manufacturing of a large part of their vehicles for quite sometime now, while mostly retaining the assembly process and engine design. With the transition to electric powertrains, some thought it could be an opportunity to innovate the supply chain and manufacturing process, but GM seems to be doubling down on outsourcing for its first major entry in the all-electric vehicle market.
LG was already making the battery packs for the Chevy Volt and not long after they announced the Bolt earlier this year, the company confirmed that it will have a similar agreement with GM for the new electric car.
All main components of the drivetrain as well as the displays and infotainment system of the vehicle will be made by the Korean electronics giant.
During the press conference, GM reiterated an expected start of production in late 2016, which will take place at GM’s Orion Township, Michigan assembly plant.
The Bolt is expected to have a starting price of around $37,500 before any EV incentives and a range of over 200 miles on a single charge.
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