General Motors will invest BRL 38.3 billion in new electric vehicle factories in the US

Deepak Gupta January 26, 2022
Updated 2022/01/26 at 3:34 AM

THE General Motors is investing heavily in building its fleet of electric and autonomous vehicles, but to be able to handle a wide range of electric car manufacturing, the company first has to be able to create large quantities of batteries for them. Thinking about that, the company announced that it is making the largest investment in its history in Michigan, her hometown, where she will spend BRL 38.3 billion for the creation of new factories.

This company investment will mainly serve for the construction of an assembly plant in Lansing, which will be responsible for producing the company’s battery cells. In addition, the company will also conversion of your assembly plant in Orion, which will be responsible for the production of the Chevy Silverado EV and the GMC Sierra electric.

In total, the General Motors claims that this investment will create up to 4,000 jobs in the region, who will join another 1,000 employees operating at the company’s underutilized factory in Detroit. The company’s two new factories are scheduled to start operating normally within two years.

Credits: General Motors Disclosure

This investment is only part of a $35 billion package, R$ 190 billion, which the company intends to invest in electric and autonomous vehicles by 2025, something quite surprising coming from the GM. As pointed out by The Verge, this is a sign that the automaker is confident in the growth of the electric vehicle market, which currently still accounts for just 3% of cars sold in the US in 2021.

The North American Giant has plans to become a carbon neutral company by 2040, but for that, it stated that it intends to stop the sale of light vehicles powered by diesel and gasoline until 2035. Aiming at this, the company has already started to invest heavily in its area of ​​electric vehicles, mainly in the production of its own batteries.

The new factory lansing it is the third of a planned four battery factories by the company in North America, but in the future, the company may create even more factories. As pointed out by the president of the GM, Mark Reuss, “We said four for now, but the adoption rate is fast.”


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Source: fortune, The Verge, General Motors

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