GM spends $ 6.5 billion to add 4,000 jobs at its Michigan EV plant

Date:

Lansing, Michigan — General Motors Is ready to announce a major electric vehicle investment in Michigan next week, spending $ 6.5 billion and planning to create up to 4,000 new jobs at its two plants.

According to the meeting, the state’s Economic Development Commission is expected to approve the incentive package on Tuesday. agenda Post online.

Associated Press Previously reported Detroit automaker plans to partner with a joint venture to build a $ 2.5 billion electric vehicle battery The factory in the Lansing area has 1,700 workers. GM It will also spend $ 4 billion and create up to 2,300 new jobs by designating the existing Orion Township plant as the third electric vehicle plant, in addition to the Detroit-Hamtramck and Springhill plants in Tennessee. It’s a schedule.

Choice is a big win for Michigan who missed three Ford Motor battery plant and Ford electric vehicle assembly plant to be built in Kentucky and Tennessee.

Michigan Assemblyman and Governor Gretchen Whitmer Recently enacted New $1 A billion funds designed to land major business projects.

“Ford’s announcement felt like a punch in the nose,” said Quentin Messer Jr., CEO of the Michigan Economic Development Corporation and chairman and chairman of the Michigan Strategic Fund last month. .. A more powerful counter punch. “

The Orion Township Factory, about 40 miles (64 km) north of Detroit, is now located. Chevrolet It bolts an electric hatchback and a small SUV and employs over 1,100 workers.The company said it will soon announce that an existing factory will be built. Electric pickup truck.. Bolt production was stopped due to a battery recall.

The battery plant was built on the premises of GM’s Lansing Delta Township Assembly Plant. Buick Enclave When Chevrolet Traverse SUV.

“GM would like to thank the Governor, the State Council, Orion Township, Lansing City and Delta Township for their support in connection with the two future projects that GM is considering in Orion Township and Lansing. “The company’s spokesman, Dan Flores, said in writing. “There are no comments on the timing of the announcement until these projects are final approved.”

GM also says it’s spending $ 154 million Renovating a dilapidated factory Because it’s near Buffalo in New York Electric car motor.

Electric vehicles have reached less than 3% of new in the U.S. Car sales Last year, forecasters expect a significant increase over the next decade. Consumers have purchased about 400,000 fully electric vehicles.

LMC Automotive consulting firms forecast EV sales to jump to 763,000 this year and exceed 1.2 million by 2023. The company predicts that EVs will account for nearly 44% of that. New car Sales by 2033 are about 7.4 million.

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GM spends $ 6.5 billion to add 4,000 jobs at its Michigan EV plant

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