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GM confirms production plans for Chevy Bolt

by Justin King

The company is sticking to its 200-mile promise and $30,000 price target, despite reports of trouble with pipe-dream battery technology.

General Motors has confirmed production plans for the Bolt EV, which will be built near Detroit.

Th company has remained firm in its promise to deliver an estimated 200 miles of all-electric range, with a price target of $30,000. The latter figure is believed to include incentives, making the real MSRP $37,500.

Separate reports claim GM had established a contract with Envia Systems to supply next-generation nickel-manganese-cobalt (NMC) batteries, considered a technological leap, however the startup's claims were eventually exposed as "wildly exaggerated," according to a profile of Steve LeVine's book "The Powerhouse: Inside the Invention of a Battery to Save the World."

The automaker was allegedly forced to look elsewhere, namely LG Chem, to secure a supply of traditional batteries. The revelation suggests that GM may not have an ace up its sleeve in the quest to deliver a mainstream EV with 200 miles of range.

The Bolt has been criticized by Tesla Motors chief Elon Musk, who recently reaffirmed the company's promise to deliver its Model 3 -- a near-luxury sedan, rather than a subcompact hatchback -- for $35,000 before government incentives.

Reflecting the uncertainty surrounding the battery supply, GM has not hinted at a potential time-frame for delivering the Bolt.

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