GM hopes to be the North American electric vehicle market leader by mid-decade, with 30 new EV models set to launch globally around the same timeframe. To that end, GM is ramping up its all-electric vehicle production capacity, recently announcing it expects to reach a capacity of 1 million units in North America by the end of 2025.
Part of that drive towards EV production is a $7 billion investment in GM’s Michigan facilities, making for the largest single investment in GM history. The investment will go towards four individual manufacturing locations, including a new Ultium Cells battery plant in Lansing and the conversion of GM’s assembly plant in Orion Township. The investment is expected to create 7,000 jobs and retain a further 1,000 jobs in the area.
“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,” said GM CEO Mary Barra. “Our plan creates the broadest EV portfolio of any automaker and further solidifies our path toward U.S. EV leadership by mid-decade.”
GM has earmarked $4 billion to convert its Orion Township facility for production of the new Chevy Silverado EV and GMC Sierra EV, creating 2,350 new jobs at the facility and retaining a further 1,000 jobs. The Orion Assembly facility will be the second U.S. manufacturing facility to build the Chevy Silverado EV and all-electric GMC Sierra, with the EV trucks expected to roll off the line around 2024 after the conversion has been completed. Production of the Chevy Bolt EV and EUV will continue through the plant’s conversion.
GM is also slated to produce more batteries with a new U.S. Ultium Cells plant in Lansing, the third such plant created through automaker’s joint venture with LG Energy Solution. Together, GM and LG Energy Solution are investing $2.6 billion for the facility, which is expected to create over 1,700 new jobs. Battery cell production at the new facility will begin late in 2024.
In conjunction with the recently reopened Factory Zero facility in Michigan, the Orion and Ultium Cells Lansing investments will increase total full-size electric truck production capacity to 600,000 units.