GM was also hampered by building the Bolt on a modified GM Gamma platform:
GM Gamma platform - Wikipedia, the free encyclopedia
It hasn't been used much in the US, but it has been used for several cars overseas. Julian Cox has a lecture on how the Model 3 will collapse the traditional auto industry:
Charged EVs | How the Tesla Model 3 could trigger the collapse of the traditional auto industry
https://chargedevs.com/newswire/how...ld-trigger-the-collapse-of-the-auto-industry/
He talks about the Bolt and points out that the ICE car built on the same platform sells for around $18K and the Bolt costs $20K more. He doesn't think it's worth it.
He also talks about how the iCE makers need to produce crappy EVs nobody wants. They have the engineering expertise to build a truly compelling EV that is on par with Tesla, but if they did, they would trigger their own demise. Tesla is the only company in the car industry with a big enough battery supply to mass produce an EV. There simply are not enough Li-ion cells made in the world for anyone to produce more than about 50,000 decent range EVs a year. Even if one company sucked up all the world supply except Tesla's, they would struggle to be able to make as many cars as Tesla is planning to make. And nobody could suck up the supply, there are too many buyers from multiple industries.
If mainstream car makers made a compelling EV, it would be signalling to their own customer base that the era of ICEs was over and they would crash demand for their ICEs while being unable to fill the demand for EVs.
He predicts that what will happen when the word gets around about the Model 3 is that demand will exceed demand for some time and a lot of people who need a car will lease rather than buy while waiting to get a Model 3 (or Y). Then when those leases are up, the car dealers will be getting tons of lease returns they struggle to sell because everyone wants an EV. The prices for used ICEs will deflate and dealers will lose their shirts on used cars. As Tesla fill demand for EVs, sales and leases of new ICEs will slump even more and the ICE makers will be like Kodak when the world went digital sitting there with a whole lot of tech nobody wants.
Economically it's a very disruptive scenario. A bunch of major players in one of the world's largest industries will be gone, and the rest will be left much weaker than they are today. Governments will probably jump in to build gigafactories and the car companies will scramble to convert their existing fleet to EVs which will be marginal (ICE chassis with EV powertrains) and eventually they will redesign their cars, those that survive. Tesla might end up merging with one of the failing auto companies to keep it afloat and in the bargain gain manufacturing facilities on every continent which is what they wanted to do all along.
Making so-so EVs does give the company some experience with EVs that can be built on later. But mostly they are just trying to keep the ICE party going as long as possible while throwing a sop to the future tech.
I expect the Bolt to sell OK among people who are familiar with the Leaf, Volt, etc. and want something with longer range, but it will otherwise not be a hit.