GM announces single largest investment ever, supports its drive for EV leadership

The $7 billion investment in Michigan will make Orion Assembly the second U.S. plant building the electric Chevrolet Silverado EV and GMC Sierra and build the third U.S. Ultium Cells battery manufacturing plant — for more than 1 million in EV unit capacity in North America by the end of 2025.
General Motors Co. announced yesterday an investment of more than $7 billion in four Michigan manufacturing sites — the single largest investment announcement in the company’s history — that significantly increases its battery cell and electric truck manufacturing capacity. The new resources will be used to convert the assembly plant in Orion Township, MI, for production of the all-electric Chevrolet Silverado and GMC Sierra, GM’s second assembly plant scheduled to build full-size electric pickups, and construct a new Ultium Cells battery cell plant in Lansing, MI.

“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 Equ
Click on the link below to read the full post online.

--

--

--

Sustainable media for sustainable mobility.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

SE wins RWTH Spin-off-Award

5 Top-Rated Restaurant POS Systems for Mobile Order and Delivery | CitrusBits

Smartee Raised US$80M Series D Funding

Smartee

SMALL BUSINESS IDEAS FOR A CANADIAN ENTREPRENEUR

What Is A Value Ladder? (And Why You Need One In Your Business)

Lime Production experience at Galvapno — Ukraine

Future of Online Grocery Shopping — Trailer

Today, Anmol Group of companies, puts the Seth family interests throughout the globe.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Futurride

Futurride

Sustainable media for sustainable mobility.

More from Medium

Visualizing Brooklyn’s food deserts

We create Internet nations.

FOTS: Fast Oriented Text Spotting with a Unified Network

Tools for Ethical AI