GM to spend nearly $7B on EV, battery plants in Michigan
2 years, 10 months ago

GM to spend nearly $7B on EV, battery plants in Michigan

Associated Press  

LANSING, Mich. — General Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant. GM CEO Mary Barra said the investment would make Michigan “the epicenter of the electric vehicle industry.” The state’s economic development board on Tuesday approved $824 million in incentives and assistance for Detroit-based GM. The company’s ability to quickly convert existing factories such as Orion to build solely electric vehicles is a competitive advantage over companies that need to costly build brand-new plants, he said. GM didn’t have much choice in putting a battery plant in Michigan simply because of the number of factories it has in the state, said IHS Markit Principal Automotive Analyst Stephanie Brinley.

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History of this topic

General Motors to sell its stake in Lansing, Michigan, battery factory to LG Energy Solution
3 weeks ago

General Motors to sell its stake in Lansing, Michigan, battery factory to LG Energy Solution

Associated Press  

DETROIT — General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Michigan. The company said Monday that it has a nonbinding agreement for the sale to joint venture partner LG Energy Solution of South Korea. The company said it will rely on joint venture factories in Warren, Ohio, and …

Vance draws ire for not backing federal funds for Lansing GM EV plant
2 months, 2 weeks ago

Vance draws ire for not backing federal funds for Lansing GM EV plant

Raw Story  

Gretchen Whitmer says comments made in Michigan Wednesday by vice presidential candidate U.S. Sen. J.D. Vance are a “middle finger to Michigan auto workers.” Whitmer was responding to comments reported by The Detroit News when Vance was asked while stumping in Michigan whether a second former President Donald Trump administration would commit to upholding a $500 million federal grant from …

GM scales back EV ambition in North America
5 months, 1 week ago

GM scales back EV ambition in North America

China Daily  

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, US, on March 16, 2021. General Motors has given up its previously announced target that it would have 1 million units of electric vehicle production capacity in North America by the end of 2025. GM CEO Mary Barra said earlier at an event …

GM made $10B last year despite autoworkers strike, says it will bring back plug-in hybrids to US
10 months, 3 weeks ago

GM made $10B last year despite autoworkers strike, says it will bring back plug-in hybrids to US

Associated Press  

DETROIT — General Motors’ net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkers’ strike. Chief Financial Officer Paul Jacobson told reporters that GM is preparing for a 2% to 2.5% average sales price drop on vehicles this year compared to last year as inventory grows …

General Motors delays electric pickup truck production at plant near Detroit as US EV demand slows
1 year, 2 months ago

General Motors delays electric pickup truck production at plant near Detroit as US EV demand slows

Associated Press  

DETROIT — General Motors will delay electric pickup truck production at a factory near Detroit due to slowing U.S. demand for electric vehicles, to better manage its capital investments, and to make some engineering changes. The company said in a statement Tuesday that the factory in Orion Township, Michigan, will instead start making electric Chevrolet Silverado and GMC Sierra pickups …

Toyota to invest $2.1 billion more in N.C. battery plant, will build big SUV at factory in Kentucky
1 year, 6 months ago

Toyota to invest $2.1 billion more in N.C. battery plant, will build big SUV at factory in Kentucky

Associated Press  

FRANKFORT, Ky. — Toyota will invest another $2.1 billion in an electric and hybrid vehicle battery factory that’s under construction near Greensboro, North Carolina. Susan Elkington, president of Toyota Motor Manufacturing Kentucky, said the new vehicle reflects the company’s “journey toward an electrified future.” Toyota will tap into a “growing market segment” with its new three-row SUV, Elkington said. She …

GM, Samsung plan new EV battery cell factory in US
1 year, 7 months ago

GM, Samsung plan new EV battery cell factory in US

Associated Press  

DETROIT — General Motors and South Korea’s Samsung SDI plan to invest more than $3 billion in a new electric vehicle battery cell plant in the United States, the companies said Tuesday. Samsung was picked as the partner for the fourth plant after some Chevrolet Bolt batteries made by LG caught fire, forcing GM to recall about 142,000 vehicles due …

Michigan committee gives $175 million for EV battery plant
1 year, 8 months ago

Michigan committee gives $175 million for EV battery plant

Associated Press  

LANSING, Mich. — A Michigan Senate committee gave final legislative approval to allocate $175 million in state funds to a factory planned by Chinese manufacturer Gotion in northern Michigan that proponents say will create thousands of jobs and be a boon for the local economy. The funds were approved in a narrow vote Thursday by the Senate Appropriations committee after …

Ford Announces US$1.3 billion Canada Investment to Retool Plant to Build EVs
1 year, 8 months ago

Ford Announces US$1.3 billion Canada Investment to Retool Plant to Build EVs

News 18  

Ford announced an investment of Can$1.8 billion Tuesday to retool its Canadian assembly plant in Oakville, Ontario to make electric vehicles and batteries for the North American market. The complex “will be a high-volume manufacturing hub for North American EV production, repurposing existing buildings into a state-of-the-art facility that leverages Oakville’s experienced workforce,” the company said in a statement. The …

Ford is investing $3.5 billion in EV battery plant with Chinese firm: Report
1 year, 10 months ago

Ford is investing $3.5 billion in EV battery plant with Chinese firm: Report

Hindustan Times  

Ford Motor Co. is investing $3.5 billion in an electric-vehicle battery plant in southwest Michigan that it will operate with technology and support from a Chinese battery maker that has stirred political controversy. “Ford has control — control over the manufacturing, control over the production, control over the workforce,” Lisa Drake, Ford’s vice president of EV industrialization, said in a …

Ford to build $3.5B electric vehicle battery plant in Mich.
1 year, 10 months ago

Ford to build $3.5B electric vehicle battery plant in Mich.

Associated Press  

DETROIT — Ford Motor Co. plans to build a $3.5 billion factory in Michigan that would employ at least 2,500 people to make lower-cost batteries for a variety of new and existing electric vehicles. “The whole intent here is to make EVs more affordable and accessible to customers,” said Marin Gjaja, chief marketing officer for Ford’s electric vehicles. Last summer, …

GM CEO Barra says electric vehicles to be profitable by 2025
2 years, 1 month ago

GM CEO Barra says electric vehicles to be profitable by 2025

Associated Press  

General Motors says it expects its portfolio of electric vehicles to turn a profit in North America by 2025 as it boosts battery and assembly plant capacity to build over 1 million EVs per year. As for the new vehicles, GM will roll out an all-electric version of the Chevrolet Corvette next year, President Mark Reuss said. For electric vehicles …

BMW investing $1.7B in S Carolina as automaker shifts to EVs
2 years, 2 months ago

BMW investing $1.7B in S Carolina as automaker shifts to EVs

Associated Press  

GREER, S.C. — BMW will invest $1 billion in its sprawling factory near Spartanburg, South Carolina, to start producing electric vehicles and an additional $700 million to build a electric-battery plant nearby. “We are anticipating the growing demand for electric vehicles not only in the United States but around the world,” Oliver Zipse, the company chairman, said Wednesday at the …

Michigan board approves $400 million to advance EV batteries
2 years, 2 months ago

Michigan board approves $400 million to advance EV batteries

Associated Press  

LANSING, Mich. — A Michigan economic development board approved more than $400 million in state incentives Wednesday for two battery factories estimated to cost $4 billion and bring 4,500 jobs to the state. A Michigan energy-storage company, Our Next Energy, would be allocated $236 million in the agreement for an up to $1.6 billion project in Van Buren Township outside …

GM spending $760M to convert Toledo factory to make EV parts
2 years, 3 months ago

GM spending $760M to convert Toledo factory to make EV parts

Associated Press  

TOLEDO, Ohio — General Motors says it will spend $760 million to renovate its transmission factory in Toledo, Ohio, so it can build drive lines for electric vehicles. The move will keep the jobs of about 1,500 hourly and salaried workers at the Toledo plant, which now makes four transmissions used in pickup trucks and many other GM internal combustion …

‘Car guy’ Biden touts electric vehicles at Detroit auto show
2 years, 3 months ago

‘Car guy’ Biden touts electric vehicles at Detroit auto show

Associated Press  

DETROIT — President Joe Biden, a “car guy” with his own vintage Corvette, showcased his administration’s efforts to promote electric vehicles during a visit Wednesday to the Detroit auto show. “You all know I’m a car guy,” Biden told a roaring crowd of autoworkers, adding that cars “just give me a sense of optimism — although I like the speed …

GM venture starts building battery cells at new Ohio factory
2 years, 3 months ago

GM venture starts building battery cells at new Ohio factory

Associated Press  

DETROIT — General Motors said Wednesday that a new electric vehicle battery plant built in Ohio has started producing cells, which could help customers get federal tax credits. They’ll go into vehicles with GM’s Ultium batteries, which currently include Hummer EVs, Chevrolet Silverado EV pickups and the Cadillac Lyriq electric SUV. Eventually, though, the plant should help GM’s EVs meet …

The AP Interview: GM’s Barra talks electric vehicles, future
2 years, 5 months ago

The AP Interview: GM’s Barra talks electric vehicles, future

Associated Press  

NEW YORK — The economy is a bit wobbly, but General Motors CEO Mary Barra isn’t backing off of an audacious prediction: By the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader. But in an interview with The Associated Press, Barra said she’s confident GM can unseat Tesla …

EV battery maker LG will add up to 1,200 jobs in Michigan
2 years, 9 months ago

EV battery maker LG will add up to 1,200 jobs in Michigan

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Michigan lawmakers finalize $666M transfer for GM projects
2 years, 9 months ago

Michigan lawmakers finalize $666M transfer for GM projects

Associated Press  

LANSING, Mich. — Lawmakers on Wednesday authorized a $666 million transfer of state funds to finalize incentives for General Motors to locate an electric vehicle plant and an electric vehicle battery factory in Michigan. “We took a very important step today in securing funds to continue electrifying our economy,” Rep. Joe Tate of Detroit, the top Democrat on the Republican-controlled …

GM’s $7 billion investment intensifies EV battle with Ford, Tesla
2 years, 10 months ago

GM’s $7 billion investment intensifies EV battle with Ford, Tesla

Live Mint  

General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric pickups, intensifying a battle with Detroit rival Ford Motor Co for EV supremacy in North America. GM said its Detroit-Hamtramck and Orion Township plants will be able to build more than 600,000 electric trucks a year by …

GM to spend $6.5B, add 4,000 jobs at Michigan EV factories
2 years, 11 months ago

GM to spend $6.5B, add 4,000 jobs at Michigan EV factories

Associated Press  

LANSING, Mich. — General Motors is poised to announce next week major electric-vehicle investments in Michigan, with plans to spend $6.5 billion and create up to 4,000 new jobs at two plants. GM also plans to spend $4 billion and create up to 2,300 new jobs by designating an existing plant in Orion Township as its third electric-vehicle factory, along …

GM renovating NY factory so it can make electric motor parts
2 years, 11 months ago

GM renovating NY factory so it can make electric motor parts

Associated Press  

LOCKPORT, N.Y. — General Motors says it will spend about $154 million to revamp an aging factory near Buffalo, New York, so it can make a key part for electric vehicle motors. The automaker says it will add about 230 jobs at the factory in Lockport, about 30 miles northeast of Buffalo, to build stator modules, the part that creates …

GM venture picks Michigan for 3rd US-based EV battery plant
3 years ago

GM venture picks Michigan for 3rd US-based EV battery plant

Associated Press  

DETROIT — General Motors and a joint-venture partner plan to build an electric vehicle battery factory in Lansing, Michigan, their third such factory in the U.S. The selection is a big win for Michigan, which missed out on three Ford Motor Co. battery factories and an electric vehicle assembly plant that were placed in Kentucky and Tennessee. GM would not …

Michigan House OKs incentives to land major business deals
3 years ago

Michigan House OKs incentives to land major business deals

Associated Press  

LANSING, Mich. — Michigan would create new economic development funds to help the state land major business expansions, including possible electric vehicle and battery plants, under fast-tracked bills that received initial approval Wednesday. Wendy Block, vice president of business advocacy and member engagement for the Michigan Chamber of Commerce, said unspecified companies could announce “transformational” and “generational” projects as soon …

Toyota to build $1.3B battery plant near Greensboro, NC
3 years ago

Toyota to build $1.3B battery plant near Greensboro, NC

Associated Press  

RALEIGH, N.C. — Toyota announced on Monday that it plans to build a $1.3 billion electric vehicle battery plant near Greensboro, North Carolina, that will employ at least 1,750 people and help meet the auto giant’s growing goals of electric vehicle sales this decade. The company has yet to announce where it will build fully electric vehicles for sale in …

GM sets to double revenue, lead US in electric vehicle sales
3 years, 2 months ago

GM sets to double revenue, lead US in electric vehicle sales

Associated Press  

WARREN, Mich. — General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an electronic driving system that can handle most tasks on the road. The company also teased upcoming …

Ford to set up three EV battery plants in the US with a total capacity of 129 gigawatt hours a year
3 years, 2 months ago

Ford to set up three EV battery plants in the US with a total capacity of 129 gigawatt hours a year

Firstpost  

Ford has teamed up with South Korea’s SK Innovation to establish three new battery plants with enough output to power over one million EVs annually. But it’s up to the employees to decide.” Just four months ago, Ford said it would build two new battery plants in North America. Combined, the three new battery plants will be able to supply …

General Motors Raises its Spending on Electric and Autonomous Vehicles, Pledges $35 Billion by 2025
3 years, 6 months ago

General Motors Raises its Spending on Electric and Autonomous Vehicles, Pledges $35 Billion by 2025

News 18  

General Motors is hitting the accelerator on its drive towards electric autos, significantly boosting its near-term investments as it unveils new models and builds production capacity. The biggest US automaker announced it will raise spending by 30 percent to $35 billion through 2025 and plans to build two additional battery cell plants. “GM is targeting annual global EV sales of …

GM, Ford outdo each other with electric vehicle investments
3 years, 6 months ago

GM, Ford outdo each other with electric vehicle investments

Associated Press  

DETROIT — General Motors will raise spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology. The announcements Wednesday came as crosstown rival Ford said its entire Lincoln luxury brand lineup would be electric or gas-electric hybrid by 2030, including four fully electric vehicles. …

GM to boost spending on electric vehicles
3 years, 6 months ago

GM to boost spending on electric vehicles

The Hindu  

General Motors Co will boost global spending on electric and autonomous vehicles to $35 billion through 2025, a 30% jump over its most recent forecast as it pursues EV leadership, people briefed on the matter told Reuters. In addition, GM Chief Executive Mary Barra is scheduled to meet on Wednesday with U.S. House Speaker Nancy Pelosi and other key Democrats …

New campaign, and logo, for GM in a bid to electrify image
3 years, 11 months ago

New campaign, and logo, for GM in a bid to electrify image

Associated Press  

DETROIT — General Motors is changing its corporate logo and launching an electric vehicle marketing campaign to reshape its image as clean vehicle company, rather than a builder of gas-powered pickups and SUVs. The 112-year-old Detroit automaker has promised to roll out 30 new battery-powered vehicles globally by the end of 2025 and said Friday that the new campaign will …

GM to make electric vehicle, supply batteries for Nikola
4 years, 3 months ago

GM to make electric vehicle, supply batteries for Nikola

China Daily  

A GMC pickup attracts visitors' attention at the second International Import Expo in Shanghai in 2019. GM will take an 11 percent ownership stake in the Phoenix-based company and will engineer and build Nikola's Badger hydrogen fuel cell and electric pickup trucks. GM also will help reduce the cost of Nikola's other vehicles, including heavy trucks, and Nikola will use …

GM to make electric vehicle, supply batteries for Nikola
4 years, 3 months ago

GM to make electric vehicle, supply batteries for Nikola

Associated Press  

DETROIT — General Motors announced its second major electric vehicle partnership in less than a week on Tuesday, this time a $2 billion deal with startup Nikola. GM will take an 11% ownership stake in the Phoenix company and will engineer and build Nikola’s Badger hydrogen fuel cell and electric pickup truck. GM also will help with cost reductions for …

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