WASHINGTON (Reuters) - General Motors Co plans to offer a new electric car model with a style and price-point that can compete with the popular Tesla Model S sedan, the Wall Street Journal reported on Friday.
The $30,000 electric vehicle called the Chevrolet Bolt, expected to debut commercially in 2017, will be able to drive 200 miles on a charge and is intended to cut into a market where Elon Musk's Tesla Motors Inc
Electric car purchases badly lag sales of gas-powered vehicles but the market is growing and GM will show off an early model of the Bolt at the Detroit auto show next week to stake a stronger claim in the space, the newspaper reported.
The Chevy Bolt will boast a stronger battery manufactured by South Korea's LG Chem Ltd. <051910.KS>, the paper reported.
(Reporting By Patrick Rucker; Editing by Alan Crosby)
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