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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 , 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 , 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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