Gold Prices Steady as U.S.-Iran Tensions Lift Inflation Risks 
Street Poller Media and The Boom of the Street Interview Ad Industry 
Honda Targets $9.4 Billion in Cost Cuts as China EV Competition Intensifies 
South Korea Inflation Rises to 3.1% in August 
France Targets Shein, Temu With Fast-Fashion Fees 
Dollar Hits Two-Week High as Iran Conflict Lifts Oil and Bond Yields 
MediaTek Shares Jump 10% on Nvidia’s $3.5 Billion Investment 
MongoDB Stock Sinks 14% as Atlas Growth Misses Expectations 
Canada Backs €100 Billion Global Defence Bank 
Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates 
Ukraine Sanctions Chief Heads to Washington to Push Russia Bill 
Shein Shares Slide 9% in Hong Kong IPO Debut 
The Realist’s Case: Lukas Kerrebijn of RD Dubai on the Narrative Dubai’s Agents Won’t Question 
Trump Says ExxonMobil Among Oil Majors Planning Venezuela Return 
Lenovo Shares Fall After Dropbox Security Breach Exposes ID Vulnerability 
GM Plans C$1.1 Billion Canada Investment Amid U.S. Tariff Pressure 
Add as a preferred source on Google
General Motors is set to cease the production of its Chevy Bolt electric vehicles this year. This is the company’s first EV unit to be released for the mass market and is currently the best-selling electric car of the brand.
However, General Motors intends to discontinue its Chevy Bolt EVs and move on to another model. The Detroit, Michigan-headquartered automaker is planning to shift to larger EV models, which means electric trucks. The company is planning to use the newest battery technology called the Ultium EV on this project.
As per Fox Business, the Chevy Bolt has prices that start at $26,500, and it is GM’s top-selling unit, accounting for over 90% of the brand’s entire domestic EV sales. The carmaker was said to have sold more than 38,000 Bolt EVs in 2022, and this showed a big increase from the previous record of 24,800. This year, in the first quarter alone, GM already sold 19,700 Chevy Bolts.
In any case, with the end of the Bolt’s production, the plant in Detroit, where it is being built, along with small sports utility vehicles, is set to be converted to allow the manufacturing of GM’s electric GMC trucks and Chevrolet Silverado EVs.
"We have progressed so far that it's now time to plan to end the Chevrolet Bolt EV and EU production, which will happen at the very end of the year," Mary Barra, General Motor’s chief executive officer, told the investors during the earnings call earlier this week.
Meanwhile, General Motors is planning to launch its new small Chevrolet Equinox sports utility vehicle. This electric vehicle has a tag price starting at about $30,000.
