April 24, 2024

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[THE INVESTOR] General Motors said on Jan. 15 it has allotted 5,000 Chevrolet Bolt electric vehicles for Korean consumers this year.

The upgraded Chevrolet Bolt EV can travel an average of 383 kilometers on a single charge, and it will be available for around 27 million won (US$25,000) since the government offers at least 12 million won in subsidies, a GM Korea spokesman said.

The all-electric Bolt carries a price tag between 45.58 million won and 47.79 million won depending on features if state subsidies are not included, the company said in a statement.

Last year, the Detroit-based carmaker sent only 600 Chevy Bolt EVs to Korea, and local customers showed a strongly favorable response toward the emission-free vehicle despite a lack of charging infrastructure, the spokesman said.

It takes an hour to charge 80 percent of the Bolt‘s lithium ion battery at a fast charging station and nine hours and 45 minutes to fully charge the vehicle at a slow charger, GM said.

GM has four plants, a design center, a technical center and a proving ground for new vehicles in Korea. GM owns a 70.12 percent stake in GM Korea.

By Alex Lee and newswires (alexlee@heraldcorp.com)