GM eyes investments of more than $4 billion in Michigan electric vehicle plants
Publishing timestamp: 2021-12-10 19:36:32
Summary
General Motors is considering investing over $4 billion in two Michigan plants to increase electric vehicle production capacity. This includes building a $2.5 billion battery plant with LG Energy Solution and potentially overhauling an assembly plant in Orion Township. Michigan state lawmakers are working to approve plans to attract more electric vehicle and battery plant investments. GM's share of the total investment in the two projects would be at least $3 billion.
Sentiment: POSITIVE
Keywords: autos, ford motor co, transportation, electric vehicles, business news, general motors co, michigan,