Sales of the Chevrolet Bolt EV and Bolt EUV spiked in the third quarter, General Motors announced Monday in its quarterly update, while sales of newer EVs are based on EVs. The Ultium architecture is just a small number.
GM said the two Bolt variants set quarterly sales records, with total sales of 14,709 units, adding that to meet strong demand, it plans to increase global production to more than 70,000 units for 2023, up from the projected 44,000 for the calendar year 2022.
2023 Chevrolet Bolt EUV Redline Edition
GM discounts on Bolt EV and EUV earlier this year, and it even offers incentives for some previous year models still on dealer lots. That is because Large-scale recall involving batteries that halted Bolt EV production for months in late 2021 and early 2022.
Meanwhile, sales figures for the Ultium EV, which uses conventional battery modules, wireless battery management systems and other components, GM plans to use as the foundation for a range of future EVs. hybrid, is very small.
GM says it only delivers 411 GMC Hummer EV pickups and 76 Cadillac Lyriq SUVs — the only two Ultium models currently in production — during the quarter. While both are expensive vehicles with lower expected sales than the Bolt EV/EUV, they are also seeing strong demand. In fact, the Lyriq’s entire first-year production run has already been sold out, and GM earlier this year said it was increasing production of the Hummer EV to meet demand.
2023 Cadillac Lyriq
Deliveries of the Lyriq have only recently begun, and GM says it will need to ramp up battery production from Ultium Cells LLC — a joint venture with LG — to further expand production of both the Lyriq and the Hummer EV.
“Ultium Cells has opened its first cell plant, located in Warren, Ohio, which will help increase production of the GMC Hummer EV and Cadillac Lyriq by 2023,” the automaker said in a statement.
GM is also looking at much higher sales volumes for Chevy Equinox EV due next year. GM claims it bears the name of a popular gasoline-powered crossover SUV and will have a base price of $30,000, though the entry-level version won’t be available at the start of production.