Report: GM Aims to Invest $3 Billion in Michigan on Electric Vehicles
report: gm aims to invest $3 billion in michigan on electric vehicles
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  • a wall street journal report today, citing "people familiar with the matter," says general motors is planning to spend about $3 billion and add some 2700 jobs to produce evs and batteries in michigan.
  • the paper noted that ford and toyota both announced big expenditures on ev and battery production recently, both in the southern u.s. rather than in michigan.
  • we have reached out to gm for details and will update this story when we know more.

    general motors will reportedly invest around $3 billion to produce electric vehicles and batteries in michigan, according to a report today by the wall street journal, citing unnamed sources. the automaker is set to update the orion assembly plant, which currently produces the chevrolet bolt ev and bolt euv, to serve as a production facility for its electric pickups.

    additionally, gm is preparing to build a battery production facility in lansing. this project will supposedly be done in partnership with lg energy solutions. each project is estimated to cost approximately $2 billion, with the latter battery plant's cost split evenly between gm and lg.

    the two investments are set to create more than 2700 jobs, with more than half of those new jobs reportedly earmarked for the updated orion assembly plant, according to the wsj. we've reached out to gm for comment and will update this story with more information as it becomes available.

    ford announced earlier this year that it will make batteries for the upcoming f-150 lightning electric pickup at a new plant under construction in georgia. the automaker will also produce evs and batteries in tennessee and kentucky and will develop batteries at the newly announced ion park in southeastern michigan. stellantis, parent company of dodge, jeep, and ram, will produce battery cells for future vehicles in north america but has not yet said where. toyota is opening an ev battery production "megasite" in north carolina that will open in 2025.

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    date : 2021-12-11 05:01:17