The next-gen Chevy Bolt is finally almost here. GM confirmed that production is on track to begin by the end of the year, but the company is saying to keep a lookout for another affordable EV coming soon. Here’s what we know about the mysterious new model so far.

GM plans to build another affordable EV in the US

After revealing plans to invest around $4 billion over the next two years to ramp up production in the US, GM announced a new “next-gen affordable EV” was in development.

The new electric car will be built at its Fairfax Assembly plant in Kansas, alongside the next-gen Chevy Bolt EV. GM said the facility is on track to begin building 2027 Chevy Bolt EV models by the end of the year. It’s also planning to add the gas-powered Equinox to the mix in mid-2027.

Fairfax will be home to GM’s upcoming lineup of affordable EVs, starting with the next-gen Chevy Bolt. GM didn’t reveal any other details of the low-cost electric car, but it could be a part of a series of new Bolt models.

Last year, GM’s president, Mark Reuss, revealed the 2027 Chevy Bolt EV will be part of a “family of Bolts,” including an even lower-priced version.

Although the initial model is expected to start slightly higher than the outgoing $28,785 MSRP of the outgoing Bolt, GM promises it will feature significant improvements.

GM’s CEO, Mary Barra, boasted the next-gen Bolt will offer “an even better driving, charging, and ownership experience.”

It will also be the first Ultium-based model in North America to feature LFP batteries, enabling GM to offer it at lower prices.

Earlier this year, a covered vehicle was spotted in a lot filled with GM electric models, which appeared to be the new Bolt (check out the video here).

We should learn more about GM’s next-gen affordable EV as we get closer to launch. Check back for the latest.

Electrek’s Take

GM’s new $4 billion investment is designed to increase US production of both gas and electric vehicles as it looks to overcome Trump’s auto tariffs.

The new tariffs are already wreaking havoc on the US auto industry, with nearly every automaker adjusting production plans in some way.

Although GM is planning to launch another affordable EV following the Bolt, it already has one on the market that’s proving to be a hit.

The Equinox EV helped push Chevy past Ford to become the second-best-selling EV brand in the US earlier this year. GM said on Tuesday that Chevy sold over 37,000 EVs in the US through May, compared to 34,000 for Ford.

GM calls the electric Equinox “America’s most affordable 315+ mile range EV” with starting prices under $35,000.

Who would have thought that a long-range, lower-priced EV would sell? With a series of next-gen affordable EVs in the works, GM looks to close the gap with Tesla in the US EV market.

GM will soon offer an electric vehicle for everyone with entry-level (Chevy Bolt, Equinox EVs), midsize (Chevy Blazer EV), pickups (Chevy Silverado EV, GMC Sierra EV, GMC Hummer EV), and luxury (Cadillac Lyrqi, Optiq, Vistiq, and Escalade IQ)

With 13 all-electric vehicles now on the market, GM has sold over 62,000 EVS in the US through May. Last month, the company announced it had surpassed Tesla to become the “#1 EV seller” in Canada in the first quarter.

We will learn more soon, with GM set to report Q2 sales on July 1. The company said this week that May was its second-best month to date for EV sales, so Q2 numbers should be interesting.