General Motors and LG Energy Solution in a joint venture (JV) are expected to announce next week that they are investing more than $6.5 billion in Michigan to build new electric truck factories and of batteries, if we are to believe the elements contained in a document and well-informed sources.
General Motors mega project in Michigan
The Michigan Strategic Fund said Friday it plans to review at a board meeting next Tuesday plans by GM and its joint venture, Ultium Cells, to invest $6.5 billion and create 4 000 jobs at Lansing and Orion Township sites.
Last December, Reuters reported that GM had offered to build a $2.5 billion battery plant near Lansing with LG Energy Solution creating 1,700 jobs. Adding that the two companies had to share the amount of the investment.
$4 billion for the Chevrolet Silverado and GMC Sierra
Sources have also indicated that GM should also invest a “minimum” of 4 billion dollars in the township of Orion to produce the new versions of the electric pickup trucks Chevrolet Silverado and GMC Sierra. A major factory expansion is expected to be completed by 2025.
The automaker is also planning electric versions of its heavy-duty trucks but they are unlikely to be produced at the expanded Orion site, one of the sources said.
GM wants to ban the thermal in 2035
In January 2021, GM announced plans to ban internal combustion engines from its new light-duty vehicles by 2035. The automaker confirmed this month that it also plans to eliminate combustion engines from its new heavy-duty vehicles. here 2035.
Last June, GM announced that it would increase its investments in electric and autonomous vehicles until 2025 with a view to ultimately reaching a sum of $35 billion, which means a jump of 30% compared to its forecasts. previous.
Our opinion, by leblogauto.com
The landing of at least one of the automaker’s two battery plants in Detroit – Michigan’s largest city – offsets rival Ford’s decision, announced last September, to partner with SK Innovation to invest $11.4 billion and create 11,000 new jobs at an electric truck plant, three battery plants and a supplier fleet to be split between Kentucky and Tennessee.
Sources : Reuters, GM
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