General Motors has announced $6.6 billion worth of investment across Michigan to construct a new manufacturing plant and develop EV pickup production.
Speaking from the Boji Tower in Lansing, GM CEO Mary Barra said that the new investments aim to increase the carmaker’s North American annual production capacity for EVs to 1m units by 2025. This comes as part of a broader funding plan where GM has pledged to spend $35 billion on EVs by the same year.
This includes $2.6 billion for a new battery plant in Lansing GM’s Ultium joint venture with LG Energy Solution, $4 billion to convert its Orion Assembly plant in suburban Detroit to produce electric trucks such as the Chevrolet Silverado and GMC Sierra starting in 2024.
GM also announced a further $510m for two Lansing-area vehicle assembly plants to upgrade current, non-electric vehicles.
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