According to the Detroit Free Press, the Michigan Strategic Fund in Lansing has voted to remove references to General Motors from the Ultium Cells Lansing battery plant following GM’s sale of its stake in the plant. The fund awarded a $120 million grant to the joint venture with LG Energy Solutions in 2023, and the grant will stay with the project, but GM is no longer attributable for the jobs created there.
GM announced in December that it was selling its stake in the Ultium Cells Lansing plant to joint venture partner LG Energy Solution. It’s since been announced that LG will use the Lansing facility to manufacture batteries for Toyota EVs made in the U.S.
Grants awarded by the Michigan Strategic Fund invest in job creation in Michigan. When the fund gives a grant to the private sector, the company or partnership that receives it is responsible for investing a certain amount of capital and creating a certain number of jobs. For the Ultium Cells Lansing battery plant, Ultium, LLC had to invest $1.5 billion and create 1,360 jobs in the facility.
GM received a $480 million grant from the same fund to convert the GM Orion Township facility into an EV factory. The factory is slated to start building the Chevy Silverado EV and GMC Sierra EV in late 2025. Previously, it was the production site of the Chevy Bolt EV and Bolt EUV.
The expectation for the Orion Township plant was a $4 billion investment, creating 1,840 jobs. GM and LG Energy Solution have until the end of 2030 to create the jobs their projects promised.
We reported in May of 2024 that while the Orion Township expansion was underway, it was starting to look like it would create fewer jobs than originally expected. GM ambitiously anticipated an extra 2,300 new employees being hired when the expansion was complete, but it revised its construction plan to have 40 percent fewer parking spaces than originally planned. The plan is still to start building electric pickups at the plant by the end of this year, but it’s uncertain whether significant job creation will come with it.
Ranging from 7,100 pounds to 10,000 pounds.
With double the rear cargo space.
The Vette was apparently stolen.
Celebrating the region’s boldness and pride, GM says.
Improved efficiency and power offboarding as well.
No special finance or lease incentives available either.
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I can't imagine there will be enough Toyota EVs being sold to make up for the loss of GM as a customer in this plant. I'm sure this includes batteries made for Toyota's many hybrid offerings, but the Lansing Plant was estimated by this site to produce 50 gigawatts at full capacity, far more than what I can imagine Toyota needs.
"The plan is still to start building electric pickups at the plant by the end of this year, but it’s uncertain whether significant job creation will come with it."
I hope they are coming up with another plan. They can't sell out Factory Zero and the Ingersoll Ontario Brightdrop plant and they want to add another? I would like to think that common sense would prevail and they are looking at reshoring some ICE pickup truck production to Orion instead of the EVs they cannot sell. But then again, this is gm where common sense is anything but common.
It almost if their 'uncertainty' is them acknowledging they don't need the facility for EV trucks.
Wonder how many millions of grant money gm ran off with? Solindra?
Combined sales of less than 25,000 ev trucks sold in 2024 model yr. One shift at part time should be able too handle the demand. Township plant is in trouble.
At least it has the battery assembly facility under the same roof. They could always package the batteries for commercial applications.
As a resident of Michigan it is always disheartening to see my tax dollars squandered yet again.
This just in. Trump put 25 percent tariffs on all cars imported into the US, dispite signing his beautiful Free trade agreement. Watch prices increase 25k per vehicle. Hope you like it. It's not 1946 anymore.
EVs will not sell, but GM still thinks US will be all EV by 2030.
US does not have Electric power grid for EVs. Biden and green scam are gone!
exactly
"$1.5 billion for 1,360 jobs created." That's only $1.103 million per job. What a bargain! Poster case for no tariffs or subsidies, just let the free market dictate.