GM just announced a long list of investments to support its all-electric vehicle production efforts, with billions allocated to revamp existing production facilities and construct a new EV battery plant. Among the investments announced, GM has also earmarked $510 million for its Lansing Delta Township and Lansing Grand River facilities to support production capabilities for more near-term products.
The new $510 million investment will go towards supporting production of the next-generation Chevy Traverse and Buick Enclave at the Lansing Delta Township facility, as well as the next-generation GMC Acadia. Meanwhile, the investment will support “plant upgrades” at the Lansing Grand River facility, with no specific models confirmed at this point. To note, Lansing Grand River currently produces the Chevy Camaro, Cadillac CT4, and Cadillac CT5.
GM has also announced investments totaling a further $6.5 billion to support its efforts in electric vehicle production, with a goal of reaching EV production capacity of 1 million units in North America by 2025. That includes a whopping $4 billion to covert the Orion Township facility for production of the new Chevy Silverado EV and GMC Sierra EV, making Orion Township the second U.S. manufacturing facility to produce the two new all-electric pickup trucks. The investment will create 2,350 new jobs at the facility, while also retaining a further 1,000 jobs. Production of the Chevy Bolt EV and Bolt EUV will continue throughout the conversion process.
What’s more, GM will build a third U.S.-based Ultium Cells battery production facility via its joint venture with LG Energy Solution. The joint venture will invest $2.6 billion for construction of the new battery plant, which is expected to ramp up production late in 2024. The investment is expected to create more than 1,700 new jobs.