Gm Accelerates Its Drive To Lead The Ev Industry With $7 Billion Investment In Michigan, Creating 4,000 New Jobs And Retaining 1,000
Gm Accelerates Its Drive To Lead The Ev Industry With $7 Billion Investment In Michigan, Creating 4,000 New Jobs And Retaining 1,000
01/25/22, 11:00 AM
Location
lansingMoney raised
$7 billion
General Motors Co. (NYSE: GM) announced today an investment of more than $7 billion in four Michigan manufacturing sites, creating 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity. This is the single largest investment announcement in GM history. The investment includes construction of a new Ultium Cells battery cell plant in Lansing and the conversion of GM's assembly plant in Orion Township, Michigan for production of the Chevrolet Silverado EV and the electric GMC Sierra, GM's second assembly plant scheduled to build full-size electric pickups.
Company Info
Location
lansing, michigan, united states
Additional Info
In addition, the company is investing in its two Lansing-area vehicle assembly plants for near-term product enhancements. By the end of 2025, GM will have more than 1 million units of electric vehicle capacity in North America to respond to growing electric vehicle demand. Through site conversion and new facilities, GM is uniquely positioned to stay ahead of the growing demand for electric vehicles while balancing the need to aggressively compete to win in today's market with strong products.