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That's debatable. They are bringing it back, and it will have the newer Ultium battery, but whether the battery recall is what did it is hard to say. They did run another model year after that happened, though I would've expected a little more after the refresh from the 2022MY.
On the other hand, the Bolt platform was released in 2016. A lot has changed since then, particularly with charging. 55kW is laughable compared to pretty much everything else on the market these days, and they may need to go back to the drawing board to update it.
Outsourced parts are almost always the fault of the supplier - and I have experience with being a tier 2 or 3 supplier.
I sure there will be a design refresh before the Bolt comes back. Yeah, 55kw charging is not all that fast anymore. But to keep costs down to entry level affordability, like less than $35,000US, corners will need to be cut and cheap tailing edge tech will probably need to be used. Otherwise, all you've done is price the largest body of buyers, (lower middle class these days), right out of the market again.
And the EV market needs those low priced cars to achieve common market penetration. If they don't design and build to that affordability price points, then EVs will simply remain toys for the wealthy.