Car maker General Motors Co on Thursday announced manufacturing of a compact electric car at the cost of USD 200 million at its assembly plant near Detroit.
Alan Batey, president of General Motors’ North America, said that the new compact car will be called the Bolt for now, but the name may be changed later before it finally goes on sale.
He made the announcement during his speech at the Chicago auto show.
Last month, the carmaker had put the Chevrolet Bolt on display at the Detroit auto show. The vehicle is designed in such a way that it offers a range of 200 miles. It will cost nearly USD 30,000 following the tax breaks in the American market.
According to Batey, some of the potential customers are confused about the Bolt name as it sounds very similar to Chevrolet’s Volt.
“It could go either way. The vehicles are so different that when you get a customer into a Chevy showroom they’re not going to be confused about which product they’re looking at,” Batey said about the possible name change.
Tesla Model S, which starts at USD 71,070 before tax credits for EVs, is the only electric car which is currently available in a 200-mile range.
GM’s Orion plant only manufactures the Buick Verano and Chevrolet Sonic currently.