Chevy Malibu production will end later this year as GM prepares to launch new EVs, including the highly anticipated new Bolt EV.
Production of the current Chevy Bolt EV, GM’s top-selling electric car, ended at the end of 2023 as the automaker prepares for its next wave of EVs.
GM CEO Mary Barra says the next-gen Chevy Bolt EV will have “an even better driving, charging, and ownership experience” with new tech and features. As the first Ultium EV in North America to feature LFP batteries, the new Bolt is expected to remain a low-price leader.
Barra confirmed at the Automotive Press Association in December (via Automotive News) that the Ultium-based Bolt will relaunch next year.
During an interview with Daily Drive, GM’s CFO Paul Jacobson said the company is aware of the growing demand for affordable EVs. Jacobson explained this is a big reason why GM is launching an Ultium-based Bolt rather than developing an entirely new platform.
Chevy Bolt EUV (Source: Chevrolet)
The move will save GM billions, according to its financial leader. “We’ve got a really good product that customers love,” Jacobson explained. “We can realize some of the efficiencies of the Ultium platform using LFP chemistry and technology and make it more profitable for us and significantly improve the business case for it.”
GM to retire Chevy Malibu with next-gen Bolt EV coming
As GM prepares for the new Chevy Bolt EV, it will retire the iconic Malibu nameplate. Over 10 million Chevy Malibu models have been sold since 1964. It’s also Chevy’s only car offered in the US outside the Corvette as the automaker shifts to SUVs and crossovers.
GM plans to end Chevy Malibu production in November as it prepares for its next wave of electric vehicles, including the new Bolt EV.
2023 Chevrolet Bolt EUV Redline Edition (Source: GM)
GM also announced it’s investing $390 million in its Kansas assembly plant to build the new Ultium Chevy Bolt EV. Separately, GM said Cadillac XT4 production will be paused after January 2025 at the facility until it begins to build the Bolt eV on the same assembly line in late 2025.
After losing market share in the US EV market in Q1, GM hopes new models like the Chevy Equinox, Silverado, and Blazer EVs can help it win it back in the second half of the year.
2024 Chevrolet Equinox EV 1LT (Source: Chevrolet)
GM accounted for 6.2% of the US EV market through the first three months of 2024, down from 6.9% in Q4 2022 and 8.4% a year ago.
Q1 2023
Q2 2023
Q3 2023
Q4 2023
Q1 2024
8.4%
5.4%
6.6%
6.9%
6.2%
GM US EV market share (GM estimates)
The falling market share is due to Bolt EV sales slipping 64% YOY to just 7,040 in the first quarter. Although Ultium EV sales were up 36%, total EV sales fell over 20%, with the current Bolt being phased out.
Sen. Richard Blumenthal (D-CT) speaks to reporters outside the Senate Chamber of the U.S. Capitol Building on Oct. 1, 2025 in Washington, DC.
Andrew Harnik | Getty Images
Democratic senators on Monday blamed the White House push to fast track artificial intelligence data centers and its attacks on renewable energy for rising electricity prices in certain parts of the U.S.
Sen. Richard Blumenthal of Connecticut, Sen. Bernie Sanders of Vermont and others demanded that the White House and Commerce Department detail what actions they have taken to shield consumers from the impact of massive data centers in a letter sent Monday.
Voters are increasingly feeling the pinch of rising electricity prices. Democrats Mikie Sherrill and Abigail Spanberger campaigned on the issue in the New Jersey and Virgina governors’ races, which they won in landslides last week.
The senators took aim at the White House’s relationship with companies like Meta, Alphabet, Oracle, and OpenAI, and the support the administration has shown for the companies’ data center plans.
The Trump administration “has already failed to prevent those new data centers from driving up electricity prices from a surge of new commercial demand,” the senators wrote. They accused the White House of making the problem worse by opposing the expansion of solar and wind power.
The White House blamed the Biden administration and its renewable energy policies for driving up electricity prices in a statement.
President Donald Trump “declared an energy emergency to reverse four years of Biden’s disastrous policies, accelerate large-scale grid infrastructure projects, and expedite the expansion of coal, natural gas, and nuclear power generation,” White House spokeswoman Taylor Rogers said.
The tech sector’s AI plans have ballooned in size. OpenAI and Nvidia, for example, struck a deal in September to build 10 gigawatts of data centers to train and run AI applications. This is equivalent to New York City’s peak baseline summer demand in 2024.
The scale of these plans have raised questions about whether enough power is available to meet the demand and who will pay for the new generation that is needed. Renewable energy, particularly solar and energy storage, is the power source that can be deployed the quickest right now to meet demand.
Retail electricity prices in the U.S. increased about 6% on average through August 2025 compared with the same period in 2024, according to the Energy Information Administration. Prices, however, can vary widely by region.
Germany is about to become home to Europe’s largest battery storage system – a massive 1 gigawatt (GW) / 4 gigawatt-hour (GWh) project in Jänschwalde, Brandenburg.
LEAG Clean Power GmbH and Fluence Energy GmbH, a subsidiary of US-based Fluence Energy (NASDAQ: FLNC), are teaming up to build the “GigaBattery Jänschwalde 1000.” The four-hour system will use Fluence’s Smartstack technology, its latest large-scale energy storage solution.
Once complete, Europe’s largest battery storage project will play a key role in stabilizing Germany’s grid and storing renewable power for when the sun isn’t shining and the wind isn’t blowing. It’s designed to deliver essential grid services, support energy trading, and boost energy security as the country phases out fossil fuels.
LEAG’s broader “GigawattFactory” plan combines solar and wind farms with flexible power plants and large-scale batteries across Germany’s Lusatian energy region. “By constructing gigascale storage facilities, we’re addressing one of the biggest challenges of the energy transition: ensuring constant power regardless of the availability of renewable energies,” said Adi Roesch, CEO of the LEAG Group.
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Fluence CEO Julian Nebreda described the project as a “milestone for the energy future of Germany and Europe,” adding that it demonstrates how collaboration and cutting-edge technology can “transform the foundation of our economy and our everyday lives.”
The German government recently reaffirmed the importance of storage in building a secure and affordable clean power system. With this 4 GWh giant, LEAG and Fluence are implementing that priority in one of Europe’s most coal-heavy regions.
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The GV90 will be the brand’s largest, most luxurious SUV yet. With its official debut coming up, a production version of the Genesis GV90 was spotted in public for the first time, offering a closer look at the stunning SUV.
The Genesis GV90 is a stunning flagship SUV
Genesis vehicles already have a unique design that’s hard to miss. The big Creste Grille, Two-Line Quad Lamps, and smooth character lines offer a refined, luxurious look, but Genesis is planning to take it to the next level with the GV90.
The GV90 is an “ultra-luxe, state-of-the-art SUV,” according to Genesis. It will be the luxury brand’s new flagship vehicle and first full-size electric SUV.
We got our first look at the flagship SUV last March after Genesis unveiled the Neolun concept at the New York Auto Show.
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The GV90 has been spotted out in public several times now, even flashing high-end features like coach doors and adaptive air suspension, but now, we are finally getting our first look at the production version in real life.
Genesis Neolun ultra-luxury electric SUV concept (Source: Genesis)
A new video from HealerTV shows the production version of the Genesis GV90 in action. Although it’s still covered in camo, you can see a few slight design changes from the concept shown last year.
The headlights and grille appear closer in design to its current vehicles, but other than that, the GV90 looks essentially the same up front as the Neolun concept.
Since it’s still covered, it’s hard to see where the headlights are connected at this point. From the side and rear, the GV90 looks identical to the concept.
Genesis has yet to announce an official launch date, but the GV90 could debut by the end of the year with sales expected to kick off in mid-2026.
Genesis Neolum electric SUV concept interior (Source: Hyundai Motor)
The flagship SUV is rumoured to be the first vehicle to debut on Hyundai’s new eM platform, which it claims will “provide 50% improvement in driving range” compared to its current EVs. It will also serve as a tech beacon, featuring Hyundai’s most advanced connectivity and safety tech.
We will learn official prices and final specs soon, but one thing is for sure: it won’t be cheap. The Genesis GV90 is expected to start at around $100,000, but higher trims could cost significantly more with added features and options.
Genesis is also introducing its first hybrid, the GV80, next year, followed by its first extended-range electric vehicle (EREV) based on the GV70. The EREV is expected to launch in late 2026 or early 2027. There’s also an off-road SUV in the works, which will likely arrive as a 2027 model.
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