27 Jul '15, 4pm

Why Is GM Only Planning 30,000 Chevy Bolts Per Year?

“However, battery production is the big thing. They can only build 30,000 because LG doesn’t have that much production capacity. They had never fully built out the Holland, MI, LG plant that supplies GM and Ford. They are doing that now. Since LG’s sales of EV-related batteries have been really poor thus far and they suffer from chronic underutilization, it is difficult for them to invest the billions into plant(s) expansion(s) beyond finishing to nameplate capacity. That’s why Tesla’s Gigafactory is all that much more remarkable. With Panasonic’s Osaka plants churning out about 8 GWh by the end of next year for Tesla, LG won’t be able to match that level of output within that time period. As a result, all of LG’s customers will be sharing something around 6 GWh of production. With the Tesla Gigafactory then adding another 7 or so GWh of production in its first phase, we’r...

Full article: http://gas2.org/2015/07/27/why-is-gm-only-planning-30000-...

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