GM Investing $2 Billion To Transition Spring Hill, Tennessee Plant To Build Electric Vehicles, Including Cadillac Lyriq
October 22, 2020 by General Motors
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'We are committed to investing in the U.S., our employees and our communities,' said GM Chairman and CEO Mary Barra. '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 U.S. 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. Production 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 good-paying U.S. 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. Construction of the facility is well underway. The new battery cell manufacturing plant will play a critical role in GM's commitment to an all-electric future.
posted on conceptcarz.com
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