GM makes $7B investment in Michigan for EV and battery production

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General Motors opened its wallet on Tuesday and announced a staggering $7 billion investment in Michigan. The investment, which GM said is its single largest in the company’s 112-year history, will help transform the state into an EV and battery production powerhouse.

GM makes $7B investment in Michigan for EV and battery production
© Provided by Roadshow More Silverado EVs will call Michigan home. Chevrolet

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The investment breaks down into a few key areas. The first chunk of funds, $4 billion, will go to the automaker’s factory in Orion Township, which currently builds the Chevrolet Bolt EV and Bolt EUV. GM will overhaul and transform the factory to build the Chevrolet Silverado EV and the GMC Sierra EV. It marks the second plant in Michigan that will build electric pickup trucks, after Factory Zero in Detroit-Hamtramck. Production of the trucks will take place in 2024 at the site.

A second part of the investment, totaling $2.6 billion, will be for a brand-new facility in Lansing. GM and LG Chem’s Ultium Cells joint venture will construct a new facility to manufacture battery cells for the automaker’s Ultium battery technology. This new site will directly supply the plant in Orion and other nearby GM assembly plants. This also marks the third battery-cell production site GM plans for. The first two sites are under construction in Ohio and Tennessee. Operations at the new plant will begin in late 2024, according to the automaker.

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The final portion of funds will go to GM’s Lansing Delta Township and Lansing Grand River assembly plants in Michigan. The two will receive $510 million. The former’s funds will support the next-generation Chevy Traverse, while the latter receives funds for more vague “plant upgrades.” The site currently builds the Chevy Camaro coupe, Cadillac CT4 and CT5 sedans.

GM expects the whopping investment will create 4,000 new jobs in the state between the Orion assembly plant and new Ultium battery cell plant. In addition, it will retain 1,000 current jobs at the factories. When the battery plant and upgrades at the Orion plant finish, GM expects to have 1 million units of EV capacity in North America as demand rises. By the end of the decade, the automaker projects it will convert half of its assembly plants across the continent to build electric vehicles.

2024 Chevy Silverado EV RST is a $100,000 wundertruck

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GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
GM makes $7B investment in Michigan for EV and battery production
Chevrolet on Wednesday unveiled the 2024 Silverado EV electric pickup truck at CES 2022 in Las Vegas. GM didn’t give out too many figures, but its overall length of 233 inches is a few tenths more than the F-150 Lightning. There’s a frunk! Of course there’s a frunk. GM’s MultiFlex Tailgate opens to a bed that can accommodate items up to 5 feet, 11 inches long. In its Wide Open Watts mode, the Silverado EV RST will generate up to 664 horsepower and 780 pound-feet of torque. The automaker believes that WOW mode will enable the RST to reach 60 mph in less than 4.5 seconds. The Silverado EV’s initial battery — lower-range options are on the way, albeit later in the production process — will be able to handle charging up to 350 kilowatts, which can add about 100 miles of range in about 10 minutes at full clip. Like the F-150 Lightning, the Silverado EV will be able to feed power to tools or other items at a jobsite or campsite, with 10 outlets offering up to 10.2 kW of juice, a little more than what the Lightning offers. The RST will be capable of towing up to 10,000 pounds and hauling up to 1,300 pounds in its bed. Keep scrolling or clicking to check out even more pictures of the 2024 Chevrolet Silverado EV RST. In its Wide Open Watts mode, the Silverado EV RST will generate up to 664 horsepower and 780 pound-feet of torque.

This was originally published on Roadshow.

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