honestly this is looking more like the truth. they thought they could pretend to be pivoting to EVs while trying to “prove” that they wouldn’t be feasible over ICE vehicles, then when Bolt sales took off they panicked and canceled it, only to bring it back when more federal money was thrown at it.
Yeah, they invested 10s of billions of dollars in constructing factories to “pretend”… They canceled the Bolt because they expected Ultium to ramp faster. They couldn’t ramp Ultium as fast as they had wanted to because of a delay with a supplier for the equipment used to make modules and packs.
honestly this is looking more like the truth. they thought they could pretend to be pivoting to EVs while trying to “prove” that they wouldn’t be feasible over ICE vehicles, then when Bolt sales took off they panicked and canceled it, only to bring it back when more federal money was thrown at it.
Yeah, they invested 10s of billions of dollars in constructing factories to “pretend”… They canceled the Bolt because they expected Ultium to ramp faster. They couldn’t ramp Ultium as fast as they had wanted to because of a delay with a supplier for the equipment used to make modules and packs.