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.
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Comments
Capacity, but will there be a demand for them by 2024, or after 2022 for that matter when the government money is cut off gas I cheap and the great reset planed by China and the global elites is stopped.
What government money are you referring to? GM has already run out eligibility for the $7500 EV rebate. So has Tesla
So, every GM dealer in the USA would need to average selling 236.2 EV units per year. I don’t see that happening. You need interest and strong demand for those numbers. Very few dealers sell more than 5 per year now.
It’s ambitious to say the least. I think they’re hedging on the Silverado EV and Sierra EV driving the majority of sales with the Equinox being a close 3rd.
@Richard P
How is it ambitious?
A million sales by 2025 won’t be that many. I mean Tesla almost sold a Million this year alone. By 2025 Tesla will be selling about 3 or so Million vehicles if not closer to 4 Million.
I have stated here years ago that Tesla won they are basically the Apple of the Automotive Industry and that I desperately want GM to grab that coveted two spot like Google has done so in the Phone Business.
Well guess GM will be back to having more capacity for vehicles that don’t sell… history does repeat itself!
A lot of investment, but not sure who will buy. Always early adopters which is what they are currently seeing. Large volume could be a long time coming. Will never buy a total electric. Hybrid yes. Currently own a 50th Anniversary edition C5, 2021 C8, 2016 Highlander, and a 2992 Subaru SVX. I believe more people are in my camp than theirs. GM and other car manufacturers better hope the 30 year olds and younger begin to show a greater interest in cars and driving or they could be in trouble.
I trust GM has ensured that all these new assembly plants will have all the parts available to assemble the vehicles!
This will be the end of GM..