DETROIT -- General Motors will begin selling the Chevrolet Bolt electric car in about a year, says Mark Reuss, GM's global product development chief.
Reuss revealed the timing last week at a press event here detailing an expanded partnership with Korean supplier LG Corp.
He said LG will supply 11 major components for the Bolt, including the electric drive motor -- which GM engineers designed -- and the car's power electronics, infotainment system and instrument cluster.
LG supplies the lithium ion batteries GM uses in its electrified vehicles, while GM sources the other components from a variety of suppliers or manufactures them in-house.
Sourcing most of the Bolt's major components from one supplier, Reuss said, should help GM avoid delays, cost overruns and waste.
"When it hits production, the Bolt EV will be the direct result of an entirely different OEM-supplier relationship," he said.
The Bolt, unveiled in January at the Detroit auto show, is based on the Sonic subcompact. It is expected to cost about $30,000 after incentives and be capable of at least 200 miles driving range between charges. The Nissan Leaf, the Bolt's main competitor, can go 107 miles between charges.