Exclusive: GM Will Build Chevy Bolt in Michigan in Late 2016

General Motors Co plans to begin building the Chevrolet Bolt, its all-new $30,000 electric car, in October 2016 at an underused small-car plant north of Detroit, two supplier sources said.

Despite the heavy hype surrounding the car's unveiling last month at the Detroit auto show, the sources said, GM's production target for the Bolt is relatively modest, at about 25,000-30,000 cars a year.

Last year, GM sold 18,800 Chevrolet Volt hybrid electric cars. The Volt, priced from around $35,000, uses a small gasoline engine to increase range.

The Bolt is expected to go on sale in early 2017 and will have a range between charges of more than 200 miles.

Source: 
Reuters