GM will start building its all-electric Chevy Bolt next year


Your move, Elon Musk.

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

GM’s [fortune-stock symbol=”GM”] production target for the all-electric concept car, which has a 200-mile range and was unveiled at the Detroit auto show last month, is about 25,000 to 30,000 cars a year, the sources said.
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The Bolt will be assembled, along with a companion model for GM’s Opel subsidiary in Europe, at the Orion Township plant, the sources said.

This move puts a lot of pressure on Tesla to get moving on production of the Model 3, its own low-end electric vehicle. The car is currently due for roll out in 2017. Tesla [fortune-stock symbol=”TSLA”] isn’t exactly known for hitting its own deadlines, though. After all, the crossover utility Model…

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