General Motors will invest $7 billion in its home state of Michigan to expand production of electric vehicles and battery cells.
Indeed GM said its mega investment will result in 4,000 new jobs and retaining another 1,000.Here's how the $7 billion breaks down:
$2.6 billion investment by GM and LG Energy Solution's Ultium Cells joint venture to build its third U.S. battery cell production plant in Lansing. More than 1,700 new jobs will be created when the plant is expected to opens in 2024.Lansing Grand River Assembly: Plant upgrades Orion Assembly joins Factory Zero, located in Detroit and Hamtramck in producing electric pickups starting in 2024. Other GM North American plants currently building or are being converted to produce electric vehicles are Spring Hill Assembly in Spring Hill, Tenn., CAMI in Ingersoll, Ontario and Ramos Arizpe Assembly in Mexico.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report: New Bears GM Ryan Poles to Meet Jim CaldwellThe pairing of young GM and experience coach is similar to the formula George McCaskey used with Ryan Pace and John Fox.
Read more »
Chicago Bears finalizing deal to hire Ryan Poles from Kansas City Chiefs as new GM: ESPNThe Chicago Bears are on the verge of hiring Ryan Poles to be their new general manager, according to ESPN's Adam Schefter.
Read more »
GM is building EV production and battery factories in Michigan | EngadgetIt will convert a factory to make the Chevy Silverado EV as part of a $7 billion investment in the state..
Read more »
LG announces $2.1 billion U.S. battery factory with GMSouth Korea's LG Energy Solution will spend $2.1 billion with General Motors to build an electric vehicle battery plant, likely in Lansing, Michigan.
Read more »
YouTube CEO Wojcicki says the video site has plans to capitalize on Web3YouTube CEO Susan Wojcicki wrote about her company’s priorities, including NFTs, in her annual letter.
Read more »
Axiom Space plans to build a movie studio module for the International Space Station by 2024Tom Cruise is involved (because of course he is).
Read more »