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GM to sink over $2 billion into EV manufacture

Posted on 21 Oct 2020 and read 1471 times
GM to sink over $2 billion into EV manufactureUS-based General Motors (GM) has revealed that its Spring Hill assembly plant, in Tennessee, will begin the transition to become the company’s third vehicle manufacturing site to produce electric vehicles (EVs).

In addition, the company has cofirmed further investments in five Michigan plants, including the Lansing Delta Township Assembly and Flint Assembly for future crossover and full-size pick-up production.

The all-new Cadillac LYRIQ will be the first EV produced at Spring Hill which will build it alongside traditionally powered Cadillac products, including the Cadillac XT6 and XT5.

The six facility investments total more than $2 billion, bringing the total amount GM has invested or committed to invest in its US manufacturing sites to more than $29 billion since 2009.

GM chairman and CEO Mary Barra said: “We are committed to investing in the USA, our employees and our communities. These investments underscore the success of our vehicles today, and our vision of an all-electric future.”

In the last 19 months, GM has committed to invest more than $4.5 billion at three US manufacturing sites to prepare those facilities for EV-related vehicle production.

In January, GM announced it was investing $2.2 billion at its Detroit-Hamtramck Assembly, now known as Factory ZERO, Detroit-Hamtramck Assembly Center.

GMProduction of the first all-electric GMC Hummer EV pickup, the first of a variety of all-electric trucks and SUVs to be built at GM’s Factory ZERO plant, will begin in late 2021. This will be followed soon after by the Cruise Origin, a purpose-built electric, self-driving vehicle.

When Factory ZERO is fully operational, this investment will create more than 2,200 manufacturing jobs. GM is also investing an additional $800 million in supplier tooling and other projects related to the launch of the new electric trucks.

In March 2019, GM announced it would invest $300 million in Orion Assembly to produce a new Chevrolet electric vehicle, bringing 400 new jobs to the facility. This new Chevrolet EV joins the existing Chevrolet Bolt EV and will be designed and engineered based on an advanced version of the current award-winning Bolt EV architecture.

Separately, GM and LG Chem formed a joint venture – Ultium Cells LLC – and together are investing more than $2.3 billion to build a new, ‘state of the art’ battery cell manufacturing plant in Lordstown, Ohio, that will create more than 1,100 new jobs.