GM To End Production Of Its Most Affordable EV, Move Buick From China To US: Report

General Motors Co. (NYSE:GM) will reportedly end production of its most affordable EV, the Chevrolet Bolt, as well as move Buick production out of China into Kansas.

GM's Production Reshuffle

The Detroit-based automaker will shift production of the Gas-powered Chevrolet Equinox and the upcoming Buick Envision away from Mexico and China, respectively, to its facility in Fairfax, Kansas, TechCrunch reported on Thursday.

GM didn't immediately respond to Benzinga's request for comment.

The move could also mean an end to the production of the Chevrolet Bolt EV. which currently retails for $29,990. A spokesperson from GM cited in the report shared that there was buzz around the Bolt EV being a limited-run model.

"We had also previously announced the gas-powered Equinox would be coming to Fairfax in mid 2027 after Bolt production ramps down," the statement said.

GM's New HQ, Mary Barra's EV Promise

The company recently moved into a new HQ in Detroit, marking an end to its time at the Renaissance Center, originally built by rival Ford Motor Co. (NYSE:F) in the 1970s. The new HQ would help facilitate better collaboration between teams within the automaker's ranks, it said.

Meanwhile, CEO Mary Barra also reaffirmed the automaker’s commitment to EVs, despite laying off over 3,400 workers across multiple EV production facilities in the U.S. GM also took on a $6 billion charge related to EVs on top of the earlier reported $1.6 billion charge it took in its EV efforts.

GM offers good Momentum and Value and scores satisfactorily on the Quality metric. GM also offers a favorable price trend in the Medium and Long term.

Price Action: GM surged 0.26% to $81.14 at Market-close on Thursday, and increased 0.1% to $81.15 during after-hours trading.

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