Chevrolet's next-generation Bolt EV will be built at General Motors' Orion Assembly facility in Michigan.
Unveiled last month, the Bolt EV concept is a long-range, all-electric vehicle designed with a 200-plus-mile range and a starting price tag of $30,000.
Motorists in the U.S. and global markets will be able to personalize the car by choosing a preferred driving style—daily commuting or weekend cruising.
And unlike its Volt or Spark predecessors, Chevy's newest model boasts unique proportions that practically eliminate front and rear overhang, and allow for more interior space and plenty of headroom and legroom for up to four passengers.
"The message from consumers about the Bolt EV concept was clear and unequivocal: Build it," GM North American President Alan Batey said in a statement. "We are moving quickly because of its potential to completely shake up the status quo for electric vehicles."
General Motors is investing $200 million in the Orion Assembly and Pontiac Metal Center facilities for the production of the next-gen EV. Orion will receive a bulk $160 million for tooling and equipment, while Pontiac gets $40 million for new dies.
"As one of the most environmentally progressive facilities in GM's global network, Orion Assembly is uniquely suited to build this game-changing electric vehicle," said Doug Hanly, Orion Assembly and Pontiac Metal Center plant manager.
"Michigan unquestionably remains the global automotive leader" and has "some of the most talented and hard-working people in the world," Michigan Gov. Rick Snyder said in a statement.
"Chevrolet is an important part of our state's automotive history, and Michigan-made products like the Bolt EV point to a bright future as well," Snyder added.
A production timeline and additional details will be announced at a later date. The Chevy Bolt is expected to hit lots sometime in 2017.