Barra says GM to increase Bolt EV production

Discussion in 'Chevrolet' started by WadeTyhon, Mar 7, 2018.

To remove this ad click here.

  1. WadeTyhon

    WadeTyhon Well-Known Member

    “Increased Bolt EV production benefits our customers around the world, our dealers and our employees, who are proud to build an affordable, ground-breaking vehicle that our customers love,” Mary Barra wrote in her prepared remarks for a Cambridge Energy Research Associates conference in Houston on Wednesday, where she announced the intention to ramp up production."
    "Barra: "Most people think they're giving something up when they drive an electric vehicle, and they're not..." citing instant torque."
    "We recognize the challenge that coal still generates about 30 percent of electricity in the U.S. and 65 percent in China,” Barra wrote in her remarks. “When we improve the percentage of renewable power sources in our grid, we can further reduce the carbon footprint of EVs.”
    "We're optimistic about EVs..." because automakers sold 1.2 million plug-ins or hybrids around the world last year, Barra said."

    It isn't surprising that Bolt EV production is increasing. There is a pretty good chance it actually outsells the Chevy Sonic in the US and Canada this year... a car that has a starting price less than half the price of the Bolt EV.

    She is no Elon, but Barra has been making a lot of the right moves for GM and I'm very excited to see where she continues to take the company on EVs! :)

    I only hope we also see one of other GM Plug-Ins launch this year!

    Ya'll think we will see the launch of the Buick / Cadillac plug-ins this year or next?
  2. To remove this ad click here.

  3. NeilBlanchard

    NeilBlanchard Active Member

    I am curious what they will do - will they change the balance of Bolts vs Sonics on the production line? Or will they run the line on an additional shifts?
  4. I'd be curious to hear how much they're increasing production. I guess keeping an eye on outstanding inventory might give some indication. There are 2,985 out there at the moment.
    WadeTyhon and NeilBlanchard like this.
  5. WadeTyhon

    WadeTyhon Well-Known Member

    They might add an additional shift, depending on how much of an increase this is.

    But for sure I think they will cut sonic production further. They’re practically giving the Sonic away at the moment. According to GM Authority today:

    “Perhaps the most notable deal is for a Chevrolet Sonic. Shoppers can score the sub-compact hatchback or sedan with $5,000 off the $16,000 MSRP. By combining the Asian conquest incentive with a $1,000 rebate and $1,500 down-payment assistance, buyers can score a killer deal. And the Sonic remains a solid vehicle.”

    With increased production the Bolt should outsell the Sonic pretty easily this year.

    I can almost guarantee there is more profit for a dealer and GM in a 41k Bolt than any trim of the Sonic. Especially when taking $5k - $7.5k off of a $16k-20k car!
  6. 101101

    101101 Well-Known Member

    Curious isn't. They need to increase production when they've already failed convincingly but not even selling their compliance quota.
    How bitter this must be for a petrol front company like GM and its executive shills.
  7. To remove this ad click here.

  8. WadeTyhon

    WadeTyhon Well-Known Member

    Go to the link below for proof from CARB and the UCS that GM not only has met compliance but has exceeded it many times over.

    Next year GM needs to sell only about 3,000 Bolts to meet compliance.

    Because the Bolt EV is worth 3 credits... At over 13,000 sold in Cali last year, GM sold about enough Bolt EVs in 2017... to meet ZEV compliance in 2025!

    Plus they also sold thousands of Volts last year and already have over 100,000 ZEV credits banked already. How exactly is that “not selling their compliance quota”?
  9. 101101

    101101 Well-Known Member

    Oh right, They've made their quota of 20K bolts even with 3K of them hanging around in inventory. How tragic that they will have to make more because of Model 3. They certainly didn't plan on this. The petrol friendly admin was supposed to protect them. Well there could never be a more petrol friendly admin than then the W. admin and GM managed to go bankrupt under it.

    Maybe Trump's mirror tariffs will save the Republican agenda how ironic? US under the petrol delusion is cashing in its chips with tariffs because places like China with a much lower cost of goods due to converting to a green economy will have a huge strategic advantage in trade- plus the sky must be falling with China able to now focus on demand within its domestic economy- a plus of the higher efficiency of the green economy they are building and will in turn be buying a lot less petrol just as the US claims it can be a petrol exporter. Good luck exporting into the face of flagging demand with China focusing on its domestic economy for demand and with China having an even lower cost of goods.

    Looks like Muller might catch up- no guarantee Republican's won't get dumped at mid terms or that even a Pence presidency would hold in the aftermath of what looks like its coming, could have early general election even without a clear mechanism for it, could have this admin's legislation rolled back and SC choice removed and dept heads including EPA changed out way early. Not saying Hillary- don't see that happening ever but my guess is people even more climate focuses than even a Sanders are coming and we will not in a hundred years have any more sub sub par candidates like Cruz, Rubio, Jeb, or Christie.
  10. WadeTyhon

    WadeTyhon Well-Known Member

    ........please stay on topic.

    "quota of 20K bolts" What quota of 20k bolts?

    GM made 31,000 Bolt EV/Ampera-e and sold 28,000 Bolt EV/Ampera-e last year. Plus about 30,000 Volt/Velite PHEVs. And another 17,000 between the e100 and CT6.

    GM is increasing the amount of Bolt's they sell this year. Go on the record - is this increase GOOD or BAD?
    Cypress and Domenick like this.
  11. 101101

    101101 Well-Known Member

    Nah, per Musk they sold what he they said they would sell about 20K or the compliance rate- maybe it was 23K but he predicted it and they sold pretty much exactly that. Any increase in electric vehicles is good but its much better when people buy it from firms that are real in their intent about EVs and not just trying to fail convincingly. A customer that buys from a firm which is solely focused on EVs or understands that they must be the future as fast as humanly possible is going to have a much better experience and they will also not be handing over cash to firms that are foot dragging and trying to take as long as possible to make a transition that they actually dread. If Barra tried to make the transition to EVs too quickly or if Bolt was too successful I am pretty sure she'd get fired or have to step down unexpectedly. GM should have been liquidated in 08. Its assets should have been handed over to people like Musk in 08. GM is as it always has been just a front for petrol. It needs liquidation.
  12. To remove this ad click here.

  13. WadeTyhon

    WadeTyhon Well-Known Member

    Not at all. GM is being rewarded for their move to EVs ahead of competitors like Ford, Chrysler/Fiat, and European/Japanese automakers. The EV announcements are great for GMs stock. GM is being sent a message that Electrics are the future.

    Mary Barra sure seems positive and upbeat about EVs and autonomous vehicles.^google|twcamp^serp|twgr^author

    Also, Elon predicted no such thing. LG said they would make just over 30,000 EVs before Elon did. That's how many were made:

    20k is NOT the compliance rate AT ALL. For a major automaker, 3,000-6,000 will be the compliance rate for the next several years. (Depending on the battery size of the model in question.)

    And Elon never once has said the Bolt was a 'compliance' car. Elon knows better and is well aware that GM outperforms compliance requirements. A compliance car from GM last year would only need to sell less than 3,000 units. Elon complained that the ZEV market isn't "fair". He called the Bolt a 'CARB play' most likely because he expects GM to be selling their ZEV credits just like Tesla does. Maximizing profits on the Bolt is a positive not a negative.

    The Spark EV was a compliance car: ~3,000 units a year in Cali.
    The Fiat 500e is a compliance car: ~3,000-4,000 units a year in Cali.
    The eGolf is a compliance car (in the US at least): ~3,000 a year in Cali.

    The Bolt EV at 13,500 EVs outsold ALL other EVs in California, including Tesla. And that is less than half of the Bolts/Ampera-e's sold worldwide. And this year production will be higher. But selling 13,500 in Cali and 28,000 worldwide when you only need to sell 3,000 total seems like a pretty terrible attempt at making a compliance car!
    Last edited: Mar 11, 2018
    Cypress and Domenick like this.
  14. Pushmi-Pullyu

    Pushmi-Pullyu Well-Known Member

    Good to know they were able to produce what they had planned for the first year of production. I saw a claim recently that they had made (or was it sold?) closer to just 20,000... but perhaps that was a reference to U.S.-only sales. Anyway, Wade, I've come to think you have pretty solid sources of info, so thanks for clearing that up.

    Like Domenick, I want to know how much they are going to increase production.
    WadeTyhon and 101101 like this.
  15. 101101

    101101 Well-Known Member

    Exactly just as Musk predicted they would sell their compliance allotment in the US because despite their shill marketing and informercial ad pieces where they deliberately set out to deceive the public in spite of this they are pure BS in their intent and are as much a petrol front as they ever were.

    Barra's transparent mission is to fail convincingly- same cannot be said of Tesla in anyway. Tesla's goal is to success disruptively and save our kids and our own future. When GM goes under this time I hope there is a true probe with actions taken that are truly dissuasive.
  16. 101101

    101101 Well-Known Member

    You can look at he Kona, its has a compliance BEV flavor- they will make 20K- 20K is a compliance marker. That's not a coincidence. And no Bolt didn't outsell anything Tesla wise in CA- Tesla essentially sold a half a million Model 3s in 2-3 weeks much of it before people had even seen the Model 3 and as we know that reservations have been rising (so they hold) and 2018 where production units have been available shows Model 3 outselling Bolt by a huge margin and that applies to CA as well- getting best selling status. When you think about the success of Bolt think about how hard GM's dealers pushed it and its availability at dealers and think even harder about how many pre-orders there were. Part of this is because Tesla has positive goodwill where GM has negative good will from conservatives (i.e., Romney ilk) and liberals.
  17. WadeTyhon

    WadeTyhon Well-Known Member

    Happy to clear it up. Yes, most articles listed only the US numbers and neglected to mention the 2,100+ in Canada, 1,900+ in Europe and 600 in S Korea.

    I would also like to know the increase in production and what their goals are. Is it primarily for US deliveries or international?

    If I were to take a guess, the increase is for the 2019 model that will start production this summer, not the 2018.

    Just some speculation on my part:

    They could increase Canadian yearly deliveries to levels similar to the Volt at around 4,500.

    They’ve already confirmed 5,000 for S Korea this year.

    I think they will also increase US deliveries for Q4 since this is GMs last year with the full credit. Perhaps 28k-30k in the US of the 2019 MY?

    I would expect Middle Eastern, African and Mexico Bolt sales to remain very low. And 2019 Ampera-e sales will probably be down. And the Bolt will likely not be coming to China, but the Buick EV is likely to.

    I’m gonna speculate:
    US 30k
    Canada 4k
    S Korea 5k
    All other International 2k

    So roughly 38k - 40k for the 2019 MY that will run between roughly Q3 this year until Q2 next year.

    Just my guess. What do ya’ll think they’ll do?

    I’d rather see it much higher but I don’t want to overestimate and be disappinted! :)
    Domenick likes this.
  18. That sounds like a reasonable estimate, though, since it doesn't appear as though they are willing to sell more to Opel, I'd spread those extra International units across Canada and South Korea.
  19. Pushmi-Pullyu

    Pushmi-Pullyu Well-Known Member

    Well, I don't think that's really a guess. Didn't GM already say they were not going to increase production for the 2018 model year?

    Furthermore, it looks to me like LG Chem is not building out new battery production capacity until they actually have orders in hand, so -- as I've said before -- I don't think GM could get LG Chem to significantly increase their contracted battery supply within a year or less even if GM wanted to "crank up" the rate of production. LG Chem started out taking orders two years in advance for their new cheaper batteries, and I have not seen anything that suggests to me a much shorter time frame for increasing the order. Of course, at best that's jumping to a conclusion based on incomplete evidence, so certainly that's not proof of anything. I'd call it more of an informed guess on my part.
  20. WadeTyhon

    WadeTyhon Well-Known Member

    Did GM already specify 2019 not 2018? They might have, but if so, I missed it. All I have found was that they were increasing production 'later this year'.

    And I agree with you this probably isn't a spur of the moment decision in order to meet demand. My assumption is that GM and LG had already long planned a boost in battery sales before the official launch of the Bolt. They've known for years that they were gonna be up against the Model 3 in 2018 and that GM would have their last go at the full tax rebate this year.

    With the rebate gone, they'll need to lower the price to compete with automakers who still have the credit and with Tesla who has 400k customers ready to part with their hard earned money.

    In order to drop the price of production, they need to increase production. Launching 2 new EVs and expanding Bolt EV production may have provide them with some additional savings from LG.

    So I have to think this was already planned to happen - so long as the consumer response to the Bolt was strong at least.

    Again... all speculation on my part.
    Cypress likes this.
  21. WadeTyhon

    WadeTyhon Well-Known Member

    Yeah, I agree with you that Ampera-e sales will be way down.

    Although in January Opel still pushed 350 units. So they're still selling the 2018 model at least... PSA has just closed off orders since there were so many already awaiting delivery in Norway. But you may be right that my 2,000 combined is too optimistic lol.

    The 2019 model will likely be the last year of the Ampera-e. But I sure hope they can at least push 1,000 units out! I'm also hoping they can manage 1,000 sales between Mexico, Africa and the Middle East. I don't know if we'll ever get hard sales on those numbers though.
  22. Cypress

    Cypress Active Member

    Last October, they said 2 in 18 months. So maybe the 2019 Detroit Autoshow as a reveal? Production starting later in 2019 as a 2020 model?
  23. That's a reasonable guestimate, I think. Detroit is GM's home show, and an electric CUV Buick would make a pretty good splash. Of course, seeing that Buick is also a big brand for them in China, they could also choose to reveal it there.

Share This Page