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GM to Import Chinese Batteries for Affordable Chevrolet Bolt

8/9/2025

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Summary

Story summary

General Motors plans to import lithium iron phosphate (LFP) batteries from China's CATL for the new Chevrolet Bolt.
Production at the Fairfax Assembly Plant in Kansas is set to begin in late 2025, with a target retail price of $30,000.
GM aims to keep the Bolt profitable despite 80% tariffs until U.S. production starts in 2027.
The $7,500 EV tax credit ending next month helps mitigate penalties for using Chinese components.
This approach tackles supply chain challenges and strengthens GM's position in the electric vehicle market.

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Story summary

General Motors plans to import lithium iron phosphate (LFP) batteries from China's CATL for the new Chevrolet Bolt.
Production at the Fairfax Assembly Plant in Kansas is set to begin in late 2025, with a target retail price of $30,000.
GM aims to keep the Bolt profitable despite 80% tariffs until U.S. production starts in 2027.
The $7,500 EV tax credit ending next month helps mitigate penalties for using Chinese components.
This approach tackles supply chain challenges and strengthens GM's position in the electric vehicle market.