General Motors to invest 7 billion dollars in battery cell and electric pickup truck manufacturing
The global group decided to build a new Ultium Cells (a joint venture between GM and LG Energy Solution) battery cell plant in Lansing and to convert its own assembly plant in Orion Township, Michigan, for production of the Chevrolet Silverado EV and the electric GMC Sierra, GM's second assembly plant scheduled to build full-size electric pickups.
General Motors is about to invest 7 billion dollars (6.3 billion euro) in battery cell and electric pickup truck manufacturing. The global group decided to build a new Ultium Cells (a joint venture between GM and LG Energy Solution) battery cell plant in Lansing and to convert its own assembly plant in Orion Township, Michigan, for production of the Chevrolet Silverado EV and the electric GMC Sierra, GM’s second assembly plant scheduled to build full-size electric pickups. General Motors aims to have more than 1 million units of electric vehicle capacity in North America by the end of 2025.
Searching for the leadership in the EV market
«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 (pictured below), 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».
More into details, GM is investing $4 billion to convert the facility to produce electric trucks using the GM-developed Ultium Platform, which gives the company the flexibility to build vehicles for every customer and segment. This investment is expected to create more than 2,350 new jobs at Orion and retain approximately 1,000 current jobs when the plant is fully operational. Electric truck production, including the Chevrolet Silverado EV and electric GMC Sierra, will begin at Orion in 2024.
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General Motors (and LGES) for battery cell manufacturing
In addition, GM and LG Energy Solution, via their Ultium Cells joint venture, are investing $2.6 billion to build Ultium Cells’ third U.S. battery cell manufacturing plant. This investment is expected to create more than 1,700 new Ultium Cells jobs when the plant is fully operational. Site preparations will begin this summer and battery cell production is scheduled to begin in late 2024. Ultium Cells Lansing will supply battery cells to Orion Assembly and other GM assembly plants.
