First Allotment Of Chevrolet Bolts Sells Out In 2 Hours In South Korea

6 months ago by Eric Loveday 84

Chevrolet Bolt

Chevy Bolt Interior

Order books for the first allotment of Chevrolet Bolts in South Korea opened and closed within just a couple hours, according to General Motors Korea.

Sometime on Friday, General Motors Korea opened ordering for the first 400 Bolts bound for South Korea in April. Within two hours, all 400 Bolts sold out.

Quoting a GM Korea spokesperson:

“All 400 units in the first shipment were gone in just two hours.”

“The company will seek a way to secure additional units to meet waiting demand.”

GM will officially debut the Bolt in South Korea at the 2017 Seoul Auto Show starting on March 31. First deliveries should occur on or around that date.

Pricing for the Bolt in South Korea starts at 47.79 million won (US $42,254). But various local and national incentives can drive down that price to as low as 22 million won or approximately $20,000.

Source: Yonhap

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84 responses to "First Allotment Of Chevrolet Bolts Sells Out In 2 Hours In South Korea"

  1. Ron M says:

    I’m surprised that they get over $22,000 in incentives and the Tesla gets nothing.

    1. Ziv says:

      LG Chem is the home team in South Korea. Why would the ROK pay for subsidies on an American product like Tesla?

      Only American politicians would be shortsighted enough to completely ignore the origin of the cars they are subsidizing.

      1. Tom says:

        Or the price.

      2. Mikael says:

        And even worse, with the most expensive part of the car coming from arch enemy Japan.

        Anyway, a $100k car should not get subsidised no matter where it comes from.

        1. Nick says:

          I disagree.

          If people choose a vehicle which has fewer externalities, that should be recognized and incentivised.

          10 to 20% off the price should make it 10 to 20% more accessible and get more fuel burning cars off the road.

          1. Mikael says:

            Nah, the polluting cars should rather have disincentives. I agree that there should be a difference between a clean car and a dirty car no matter how expensive they are. But not by reducing the price of the expensive clean car but by increasing it for the dirty expensive car.

        2. Raymond Ramirez says:

          Why support an import with lesser quality than a North American product? Besides, subsiduies should support the domestic brand and its business which keeps that money in the U.S.

      3. Chris says:

        i3 and Leaf are also subsidized equally there. It’s the problem of the S, not Tesla. Model 3 would be ok if it goes on sale later.

    2. mxs says:

      Let me help you out … you have the dough to consider car as expensive and luxurious as Tesla, you should be getting no subsidies. Plain and simple, however you might think this is discriminatory against rich people.

  2. Stimpy says:

    Delivering Bolts in South Korea before you can even buy one in their home state of Michigan?

    Seems a bit odd…

    1. NOLA3 says:

      +1 in Louisiana

    2. Pushmi-Pullyu says:

      But S. Korea is the “home State” of the LG Chem battery pack and the LG Electronics EV drivetrain! 🙂

      1. ¯\_(ツ)_/¯ sven says:

        Now you can stop harping/concern-trolling about why U.S. Bolt sales dropped in February; GM shipped hundreds of Bolts to South Korea.

        1. Pushmi-Pullyu says:

          Dude, I’ll leave the concern-trolling to people like you. I’ve never written a troll post on InsideEVs, and never will. You’re the one who constantly posts FUD and posts things he doesn’t believe. I’ve never done so, and can’t imagine ever doing so, or wanting to.

          I’ve made it quite clear in many posts that I think the Bolt EV is a compelling car, and I hope GM will sell many of them. My real concern is that they won’t build to meet demand… and I’ve pointed out some pretty strong signs that GM has no intention of doing so. And I hope the dropoff in sales last month was just a bobble, not an indication that demand is far less than I expected.

          So you can stop with the false equivalency. You’re not fooling anyone.

          1. ClarksonCote says:

            So sick of the tired LG references. Yes, they produce components of the Bolt EV that were designed and engineered by GM, just like thousands of other parts across all their cars. And just like other companies do too.

            Why single this one case out to show your strong bias? Or do you call an iPhone a FoxConn phone too?

            1. Nick says:

              Do you think Apple designed the same amount of the iPhone as GM designed the Bolt?

              The real question is:
              Does it matter? ☺️

              1. ClarksonCote says:

                I absolutely think GM designed as much or more than Apple.

                I agree it doesn’t matter much, except when people try to call the Bolt an LG product.

                1. Bill Howland says:

                  The thing that people don’t realize CC is that new cars from almost any manufacturer have plenty of parts from all over the place.

                  Speaking of which, the Chinese PHEV CT6 Caddy has just been released and is now ‘kinda’ on the website. I’m getting post cards telling me to start ordering it from my local dealer.

                  Also, its a pet peeve but the “Precision Shift System” on the BOLT ev sucks. The 4 small pushbuttons on the Roadster was the most elegant, cheapest, and most straightforward way to handle the issue, if you want something that doesn’t need a gearshift.

                  I in general like GM cars, but there is always plenty of implied arrogance in the design of their things and it takes an army of complaints before GM finally makes a change. Specifically, it is impossible to quickly go into reverse if you have to make a quick ‘almost’ U-turn.

                  As far as the PHEV CT6 goes – I think this is one GM EV I’ll take a pass on. Its a too cludgey design to give it 5 second 0-60 mph ability – they are way too concerned about coming up with a ‘kinda’ competition to the TESLA P stuff, and pretty rotten efficiency – 31 mile AERange, and 62 MPGE. By comparison – I like the simplicity of the ELR much better – and there is just enough of the GM arrogant stuff I wince at in THAT car that I’m sure would be over the top in the CT6. I’m not that familiar with its architecture other than I believe it has 3 planetary gear sets and who knows how many clutches. Too much crap and not enough range even with the GEN 2 battery, which uses up the trunk space.

    3. ¯\_(ツ)_/¯ sven says:

      Also a bit odd is the popularity of Michigan BBQ restaurants in South Korea.

    4. unlucky says:

      I think it’s strange too. I know Michigan isn’t a huge market for EVs but I would think they could spare a few for the home crowd.

      1. They did sell to the “home town crowd”.

        About 27% of the Bolt EV is US content, per government filings by GM.

        That home town with the largest percentage of Bolt EV content is S. Korea.

        1. bro1999 says:

          Welcome to the 21st century and this thing called “globalization”.

  3. ffbj says:

    I guess there is demand after all.

  4. Bacardi says:

    “Allotments” are orders from dealers, which may or may not be tied to a customer’s order…

    There are an estimated 50M living South Korea, if you were a dealer it’d be a bonehead move to NOT try and get one of the first 400 which would both create a buzz for your dealership and allow you to sell over MSRP…

    1. unlucky says:

      The word “allotment” is not used in this article anywhere.

      1. Bacardi says:

        Not in the first five words but it IS the sixth word…

        1. unlucky says:

          I meant in the source article.

          Insideevs put in the word allotment. It isn’t in the source article. The source article says “preorders”, not allotments. I think there’s a good chance that means customer orders.

  5. LOL says:

    When you look at Chevy Bolt sideways it does make an impression of Toyota Yaris, just grown bigger. If it were not for the Chevy badge on the hood, I’d say Toyota has done a great redesign. Obviously many Toyota buyers in Europe will be swayed away and opt for Amperae. Should GM put emphasis on lower maintenance cost throughout the Amperae lifespan in its ads in Europe, than we could also see many VW loyal customers defect to new American entrant to Europe.

    1. Mikael says:

      Maintenance cost is a small part of the total cost of a car. It is hardly an argument that will sway anyone.
      Especially not Toyota-owners considering that Toyotas are generally always in the top for reliability.

      1. HotPotato says:

        Maintenance and repair are not a small part of vehicle ownership cost for those who own European brand cars though. For Europeans who wouldn’t make the leap to a reliable Toyota because it seemed a bit low-class and dead-boring to drive, a super-modern EV that drives well might do the trick.

        1. Tom says:

          You beat me to it. I was going to say ‘obviously you’ve never owned a used Audi’.

          Never again. Never.

      2. unlucky says:

        There’s a reason people lease German cars. They get expensive fast once they exit warranty.

        Even VWs aren’t cheap to keep running and the luxury marques are much more expensive again.

      3. LOL says:

        The only downside GM is having in Europe is not running a dedicated factory. Tesla won’t have such problems as it intends to build a factory in the very heart of Europe. Once up and running it will have huge success, people just want to get rid of exhaust pipe. Toyota would have never been price competitive if it hadn’t built up a factory in France. So, GM if you truly want to take on the European market build out a dedicated EV factory.

        1. Just_Chris says:

          GM just sold its eu brands to the French psa group. The bolt will be a token effort in the eu at best.

        2. Taser54 says:

          Gm still owns a powertrain plant in Europe.

  6. Jason says:

    It seems a bit quiet on Bolt sales. Either GM are not getting their production running or the sales are not there. I thought it would be a case of demand outstripping supply, but media reports are thin on the ground, and if South Korea taking 400 is the biggest news that does not sound good.
    Even if it is only available on a few US states, isn’t any owner getting on the forums and talking it up?

    1. Maria C. says:

      Personally it’s hard to talk it up when EV forums are trolled by Tesla fans who are comparing non-existent vaporware Model 3 to Bolt.

      Love my Bolt. Love the cargo capacity and hatchback design. Teslas are cool but except for pricey Model X, all are sedans – which does not work for my cargo needs.

      Hope to see more of them on US roads soon.

      1. Orphancarguy says:

        I’m not quite sure what you mean by ‘hatchback’ and ‘sedan’. Are you not aware that every Tesla Model S ever built is a 5 door hatchback ‘sedan’? I grant you the price is more Mercedes S class than Cruze. If you mean the Model 3, yes, that is a 4 door sedan with no hatchback but the Model Y which will be to the 3 like the X is to the S–taller body using the same platform–will be rolled out about a year after the 3. I DO get the Bolt and why you got it now instead of waiting a couple of years, and I might seriously consider it too if it came with a plausible way/network to recharge quickly, but it doesn’t and I won’t, because I have too many trips that exceed 240 miles one way.

    2. unlucky says:

      I don’t get how sending some to SK doesn’t sound good.

      Under the hood of my Bolt the engine sticker is printed in 4 languages, one of them being Korean. So GM clearly planned to send some 2017s to Korea and now are doing so. I don’t get how that’s a problem.

    3. Just_Chris says:

      Build a fantastic ev, don’t promote it and feck around with production so no one really knows what’s going on. Sounds like standard GM-EV strategy to me.

      At least they offer it, which I think is great but IMO, it is yet another wasted opportunity by GM. It’s sad to hear that they appear not to be flying off the shelf but a I guess tesla 3 being only a few months away and GM being a bit luke warm might be slowing things down a bit. Time will tell, hopefully the world will wake up soon and the rate of change will accelerate a bit.

  7. ¯\_(ツ)_/¯ sven says:

    It’s good to see that GM was able to keep the price of the Bolt below 48 million won.

    1. Kdawg says:

      Well, South Koreans are. North Koreans are using wood chips to power their cars.

      1. bro1999 says:

        You assume average North Koreans even HAVE cars…..Or wood chips.

          1. Kdawg says:

            And they have very few cars, thus small children often play in streets/highways without worry.

            1. SparkEV says:

              When I was a kid in Los Angeles, we used to play in the streets, breathing the brown blob called air. People are just more paranoid now, and growing snowflakes, not children.

              As I was driving past an elementary school recently, every kid was accompanied by an adult and/or dropped off via car, not to mention huge traffic jam caused by crossing guards. We walked alone since first grade, and the world was far more dangerous back then. It’s about perception, not reality.

              1. Ziv says:

                +1 SparkEV. Crime against children has been dropping for decades but if you just looked at the news and not the actual data, you would never know that.

              2. Kdawg says:

                They’re playing in 5 lane highways, not the streets in your suburban neighborhood.

                1. SparkEV says:

                  Are there photos? I doubt there are 5 lane highways in NK. They also don’t allow people to go just anywhere. If kids are seen playing in them highways, the secret police (aka, your neighbor ratting on them) could take the entire family to labor camp.

                  1. Kdawg says:

                    Yes, but not many. Any photos that paint NK in a bad light are not allowed, and have to be smuggled out.

        1. Someone out there says:

          In the 70’s North Korea ordered a whole bunch of Volvos from Sweden. They got the cars but they still haven’t paid for them

          1. Mikael says:

            What is funny is that every year there is a reminder sent from Sweden to North Korea with the updated number they owe including interest.

        2. SparkEV says:

          Officially and technically, EVERY north Korean has cars. That’s because there’s no individual ownership, so everything belongs to everyone.

          And EV, LiIon, cars, basically everything is invented by the dear leader, west just stole them. That’s why North Korean people are struggling; theft by the rich. Since they reached income and wealth equality, current misery is the rich countries’ fault. Sound familiar?

  8. Ziv says:

    So 400 Bolts were sent to S. Korea already? When the US inventory, including Bolts built but still in QC, has only reached 1900 total this week? Doesn’t sound like GM wants to sell many Bolts in the US.

    There were a handful of deliveries in December, so GM has been building Bolts for more than a quarter. January inventory was just 900-1200, if memory serves. Most of February saw Bolt inventory in the 1300-1500 range. Hard to believe that they are trickling out so slowly.

    I have been a GM guy, love my Volt, but I have to admit that I want to drive a car that is built by a company that supports electric cars and wants electric cars to succeed. I am beginning to doubt that GM is that company.

    1. HotPotato says:

      They seem to be rolling it out in the order of provinces most favorable to EVs rather than country by country. So Americans get it if they’re in California, then Canadians get it if they’re in Ontario, but South Koreans and Norwegians will apparently get it sooner than the American Deep South or the Canadian prarie. It makes sense to send them where they’ll sell, and to avoid building up big dealer inventories that would inevitably lead to media stories trumpeting “another failed EV.” Also, GM positions the Bolt as an urban car, long range and DCFC notwithstanding.

    2. HotPotato says:

      But yes, I too would like to see more of them coming out, sooner. I suppose they observe that lots of people are hanging back waiting for a Tesla Model 3, but maybe some of those buyers would reconsider if they could drive home a Bolt today…

    3. trackdaze says:

      The cars are due to arrive in april.

      The order book presumably was opened on confirmation production was on track and shipment imminent.

  9. Leptoquark says:

    Trump should be happy that an American product, especially a car, would be that hot overseas

  10. Maria C. says:

    Love my Bolt. Fortunate enough to get it first in CA. I also had a hitch receiver installed (part of official accessory) so I can transport my mountain bike on it.

    I hope to see more of them on the road. I guess we will see them first in South Korea roads before US roads.

  11. Devin Serpa says:

    The LG Bolt should sell well in LG home country.

    1. SparkEV says:

      Implication being Koreans buy cars with more Korean content? Going by that logic, SparkEV should’ve been the best selling EV in Korea, which clearly wasn’t the case.

      Bolt is selling well in Korea, because it’s the best bang for the “won” car in the world. There’s no new car that does 0-60 in 6.5 second that cost ~$20K anywhere in the world. That’s not just among EV but ANY car, gas, diesel or whatever.

  12. Bill Howland says:

    In talking to mostly volt owners at some public charging spots, I see they are surprised at seeing my BOLT ev so soon. They are all very surprised that I bought mine in February, and that the OTHER Bolt that my dealer got is STILL available for sale, even at this late date (the one with zero options). So for NY staters at least, there are SOME Bolts available, and I got mine for less than MSRP – I’d imagine they’d discount this other one also.

    I do notice that I probably got one of the few non-ccs BOLTs since the few I’ve checked that have been ordered since seem to all now have the $750 ccs option, since all the ev blogs are politicing for this option so the dealers are all ordering the cars this way, in hopes of making the cars more attractive for sale.

    But I like my Bolt just the way it is – the one thing I would add to a wish list would be a good built in navigation, since I don’t own a smart phone. But I’ve never seen any navigation anywhere that can beat a good map, and now that they’ve finally dispensed with classic.mapquest (I can’t do anything with the new mapquest – and Google maps doesn’t have the flexibility of the original 15 year old mapquest, I’ll be consulting paper maps more and more).

    You wonder why things get more antequated under the guise of calling something more modern?

    1. georgeS says:

      Hey bill H.,
      glad to hear you got ur Bolt. I’m surprised you didn’t get ccs.

      Sounds like unlucky has one as well…and bro so that’s 3 on this board . pretty good imo.

      Not good to hear there are still some sitting on dealers lots though.

      1. Bill Howland says:

        I mention a pet peeve in detail above – I hate the Precision Shift System. You know some wet-dreamed engineer (or group) came up with this junk when they have to give you a booklet attached to the shift knob to tell you how to shift gears.

        To the plus side, I like the mechanical quietness at high speeds – this gives me confidence that parts are rather lightly stressed and should last a long time.

    2. Ziv says:

      Koons in Tysons in NoVA ordered 8 Bolts, 4 with DCFC and 4 without. The guy I talked to was their electric car guru and he said, “I have no idea how the numbers will break out regarding DCFC, so we will see which 4 sell faster.”

      1. georgeS says:

        “Koons in Tysons in NoVA”

        Took a while for me to figure that out.

        1. Ziv says:

          You mean everyone doesn’t know the locations in Northern Virginia? 😉
          I really should have said that a bit more clearly.
          Koons Chevy at Tysons Corner in Vienna VA would have been a better description.

  13. JyBicycle says:

    Who cares where EVs are sold! We all breathe the same air. 400 less gas polluting vehicle off the road.

  14. unlucky says:

    Took my Bolt on a 160 mile round trip today.

    Took about 60% of the battery (95 miles remaining at end, started full). 4.2mi/kWh average even though most of it was highway driving at 55 and 65mph over a route with a 1200 foot elevation change in it (although of course returning to same altitude I started at since it was a round trip). My average speed was 49.2mph.

    Turns out that getting the rated range at highway speeds is going to be really easy as long as you turn the climate control off.

    1. Pushmi-Pullyu says:

      So how do you like the car, so far? Any pros and cons you’d care to share?

    2. georgeS says:

      interesting unlucky,

      Glad to hear u got a Bolt.

      pretty decent fuel consumption! I’m usually around 3.3 mi/kwh in the S.

      1. SparkEV says:

        At what speed are you getting 3.3 mi/kWh? unlucky was doing about 50 MPH average with climbing + probably lots of braking. If you’re doing more braking, and/or higher speed, well, you know.

        I’m curious what Bolt gets at steady 70 MPH.

        1. georgeS says:

          Spark,
          That’s on the highway. 55-65. My readout is in wh/mile. If I get under 300 thats a pretty good run. Sometimes 350. Also like unlucky it is usually round trip so I get most of it back coming back downhill.

          1. SparkEV says:

            Wow, that seems really poor. Does Tesla also include charging losses? If you assume 4 mi/kWh batt to wheels and 15% loss, that would be 3.4 mi/kWh.

            For SparkEV, what’s shown on screen is battery to wheels, and I think same is true with Bolt. Since DCFC is more efficient than L2 which is again more efficient than L1, car wouldn’t know what mi/kWh that include charging loss, and only displaying batt to wheels makes sense. Not sure if this is true with Tesla and other cars.

            1. georgeS says:

              It’s a bigger heavier car. Look up the MPGe EPA rating. I think my 2012 is around 92 MPGe. What’s Bolt?? 115 or so??

              As far as I know the number off my dash gauge is not to the wall.

              1. SparkEV says:

                I don’t trust MPGe rating when it comes to constant speed mi/kWh. SparkEV gets better mi/kWh when driven at 62 MPH (by Tony Williams) and 70 MPH (by me and forum comments) than 22 kWh i3, yet EPA rates i3 higher MPGe.

                http://sparkev.blogspot.com/2017/02/sparkev-is-most-efficient-car-in-world.html

                3.3 mi/kWh at 33.7 kWh/gal = 111 MPGe, but EPA has it bit over 90 MPGe. See what I mean?

        2. unlucky says:

          A lot of braking but very little of it friction braking. During one extended downhill section the car put a bar graph up on the display saying I had gotten 40 Mi/kWh. That’s an equivalent 2400 mi on a full battery. Now I just need to find a cross-country route that is all downhill.

          Uh, I got my mi/kW backwards in my last post, I wrote kW per mile by mistake.

          1. SparkEV says:

            Round trip at relatively flat road at 70 MPH is what I’m looking for. There was IEV about Bolt at 65-70 getting about 4 mi/kWh, not sure under what conditions (ie, flat? wind? lots of braking? giant dogs in the car?)

            SparkEV going down 5 miles of 8% grade resulted in 51.1 mi/kWh. Going half that also got the same number. I think that’s the max SparkEV would show (9 bit number=0 to 511). Not sure what the max on Bolt might be, but I suspect it’d be more than 40 mi/kWh.

      2. unlucky says:

        I found it hard to break 3.5kW/Mi until the temperature warmed up.With it warm I get about 3.8 highway unless I turn the A/C off. In the city I could break 4 even with the A/C on.

  15. Hans Wurst says:

    A Bolt EV for $20,000? I’ll take three!

  16. Another (Euro) industrial point of view says:

    Probably what the Bolt need is to be a little bit cheaper. As it is not handsome but seems to have real qualities I would not be surprised to see the Bolt have a successful career but with a slow start and selling in large figures in 2018-2019 when hopefully its price will then be a little lower, in harmony with its Euro econobox looks.

  17. Bob Nan says:

    With the sales of sedans slumping big time, hope GM allocates more resources to make Volts and Bolts.

    This shows that how much the demand is there the World over for Plugins & Electrics. This will also compete with Niro and Ioniq plugins.