Tags: WSJ | General Motors | Electric Car | Market

General Motors Plans Fresh Move Into Electric Car Market: Report

Sunday, 11 Jan 2015 02:09 AM

General Motors Co. plans to offer a new electric vehicle with a style and price-point that can compete with the forthcoming Tesla Model 3 car due out in two years, the Wall Street Journal reported.

The $30,000 electric car called the Chevrolet Bolt, expected to debut commercially in 2017, will be able to drive 200 miles on a charge and is intended to cut into a market where Elon Musk's Tesla Motors Inc. has been an investor darling.

Electric car purchases badly lag sales of gas-powered vehicles but the market is growing and GM will show off an early model of the Bolt at the Detroit auto show to stake a stronger claim in the space, the newspaper reported.

The Chevy Bolt will boast a stronger battery manufactured by South Korea's LG Chem Ltd., the paper reported.

© 2017 Thomson/Reuters. All rights reserved.

   
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General Motors Co. plans to offer a new electric vehicle with a style and price-point that can compete with the forthcoming Tesla Model 3 car due out in two years, the Wall Street Journal reported.
WSJ, General Motors, Electric Car, Market
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2015-09-11
Sunday, 11 Jan 2015 02:09 AM
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