GM Pursues Electric Vehicle Dominance with $7 Billion Investment in Michigan
GM reports that this is the single largest investment announcement in the company’s history.
General Motors Co. (GM) has announced an investment of more than $7 billion in four Michigan manufacturing sites (creating 4,000 new jobs and retaining 1,000) to significantly increase battery cell and electric truck manufacturing capacity. GM reports that this is the single largest investment announcement in the company’s history. The investment includes construction of a new Ultium Cells battery cell plant in Lansing, Mich., and the conversion of GM’s assembly plant in Orion Township, Mich., for production of the Chevrolet Silverado EV and the electric GMC Sierra.
“Today we are taking the next step in our continuous work to establish GM’s EV leadership by making investments in our vertically integrated battery production in the U.S., and our North American EV production capacity,” said Mary Barra, GM chair and CEO. “We are building on the positive consumer response and reservations for our recent EV launches and debuts, including GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Equinox EV and Chevrolet Silverado EV. Our plan creates the broadest EV portfolio of any automaker and further solidifies our path toward U.S. EV leadership by mid-decade.”