Jan 26, 2022 - Energy & Climate

GM charts "path toward U.S. EV leadership" with $7 billion factory push

Axios

GM CEO Mary Barra speaks in Lansing on Tuesday. Photo: Paul Sancya/AP

GM is making the largest investment in company history in its home state of Michigan, with plans to spend $7 billion to convert a factory to make electric pickups and to build a new battery cell plant, AP reports.

Why it matters: GM is rolling the dice on Americans converting from internal combustion engines to battery power.

The big picture: The moves — announced Tuesday in Lansing, the state capital — will create up to 4,000 jobs, and keep another 1,000 already employed at an underutilized assembly plant north of Detroit.

What they're saying: CEO Mary Barra said the investment will make Michigan "the epicenter of the electric vehicle industry."

"Our plan creates the broadest EV portfolio of any automaker and further solidifies our path toward U.S. EV leadership by mid-decade," she added in a statement.

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GM charts "path toward U.S. EV leadership" with $7 billion factory push

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