Chevrolet has announced plans to produce the Bolt EV at the Orion Assembly factory near Detroit.

Chevrolet has announced plans to produce the Bolt EV at the Orion Assembly factory near Detroit.

Shortly after the Bolt EV concept debuted at last month's NAIAS, rumors emerged about the possibility of going into production and now we have confirmation from Chevrolet they will build the "next-generation electric vehicle." This decision comes as a response to consumers who said they want a production version and according to GM North America President Alan Batey the car has the "potential to completely shake up the status quo for electric vehicles."

They are targeting a starting price of around $30,000 for what will be a fully electric vehicle capable of providing an estimated range of 200 miles (322 km). GM will invest $160 million in the Orion Assembly factory to get it ready for the Bolt while the Pontiac Metal Center facility will receive $40 million funding for tooling and equipment.

No further details are available at this point but Chevrolet says they will release more info in the near future. It is believed the Bolt will enter production in October next year and will be based on GM's Gamma small car global platform that will also serve as foundation for the next generation Sonic which is programmed to hit the assembly line late 2016. Rumors are indicating Opel and Vauxhall will be getting their own versions of the Bolt but nothing is official at this point.

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Chevrolet confirms Bolt EV production