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Tuesday, 25 January 2022 09:15

GM Announces Its Largest-Ever Investment to Increase Battery, EV Production

Ultium Cells, a joint venture of LG Energy Solution and General Motors, announced a $2.6 billion investment to build its third battery cell manufacturing plant in the U.S., located in Lansing, MI. Ultium Cells, a joint venture of LG Energy Solution and General Motors, announced a $2.6 billion investment to build its third battery cell manufacturing plant in the U.S., located in Lansing, MI. GM

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General Motors Co. announced Jan. 25 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, MI, and the conversion of GM’s assembly plant in Orion Township, MI, for production of the Chevrolet Silverado EV and the electric GMC Sierra, GM's second assembly plant scheduled to build full-size electric pickups.

 

"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 Equinox EV and Chevrolet Silverado EV. Our plan creates the broadest EV portfolio of any automaker and further solidifies our path toward U.S. EV leadership by mid-decade.”

 

These investments are the latest step toward accelerating GM's drive to become the EV market leader in North America by 2025.

 

The Orion and Ultium Cells Lansing investments will support an increase in total full-size electric truck production capacity to 600,000 trucks when both Factory ZERO and Orion facilities are fully ramped. GM has been the leader in U.S. full-size truck deliveries over the past two years.

 

In addition, the company is investing in its two Lansing-area vehicle assembly plants for near-term product enhancements.

 

As previously announced, GM will continue to strategically manage the conversion of its North American manufacturing footprint through unprecedented speed, flexibility and precision. Through site conversion and new facilities, GM is uniquely positioned to...


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