General Motors in $7 billion electric vehicle push: reports

General Motors and LG Energy Solutions are to set announce investments of some $7 billion next week in Michigan in new electric truck and battery plants, according to reports over the weekend.

The Michigan Strategic Fund said on 21 January  it plans to consider at a Tuesday board meeting the joint venture’s plans to invest $6.5 billion and add 4,000 jobs at sites in Lansing and Orion Township.

In December, GM had proposed building a $2.5-billion battery plant near Lansing with LG Energy Solution adding 1,700 jobs. The two companies are expected to split the cost.

GM also is expected to invest at least $4 billion in Orion Township to build versions of the new Chevrolet Silverado and GMC Sierra electric pickup trucks, sources said. A significant plant expansion is expected to be completed by 2025.

The motor manufacturer also is planning electric versions of its heavy-duty pickups, but they are not likely to be built at the expanded Orion plant, according to reports.

GM announced in January 2021 plans to eliminate tailpipe emissions from new light-duty vehicles by 2035. The company confirmed this month it also plans to eliminate tailpipe emissions from new heavy-duty vehicles by 2035.

GM said in a statement it appreciates the support “related to two prospective projects that GM is considering in Orion Township and Lansing. Until these projects receive final approval, we have no comment on potential announcement timing”.

GM announced in June it would boost electric and autonomous vehicle spending to $35 billion through 2025, a 30% increase on its prior forecast.

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