GM Expands EV Production Commitment with $2 Billion Investment

In an announced made by GM today, the American multinational corporation revealed that it is investing $2 billion into transitioning its Spring Hill plant in Tennessee to produce electric vehicles. The updated factory will house the production of the Cadillac LYRIQ as well as other upcoming EVs.

On the heels of the company’s announcement of Factory ZERO, we are now learning GM will expand its new investment in electric vehicle production even further. According to GM: “General Motors Co. (NYSE: GM) announced today that its Spring Hill, Tennessee assembly plant will begin the transition to become the company’s third vehicle manufacturing site to produce electric vehicles, joining Factory ZERO in Detroit and Hamtramck, Michigan, and Orion Assembly in Orion Township, Michigan. In addition, the company is confirming investments in five Michigan plants, including the Lansing Delta Township Assembly and Flint Assembly for future crossover and full-size pickup production.”

Factory Zero will solely produce electric vehicles while Spring Hill will continue producing gasoline-powered vehicles while adding the production of electric vehicles. The Cadillac LYRIQ will be the first all-electric vehicles produced at Spring Hill, while the plant will also continue to assemble the Cadillac XT6 and XT5.

GM Chairman and CEO Mary Barra weighed in on the announcement stating “We are committed to investing in the US, our employees and our communities. These investments underscore the success of our vehicles today, and our vision of an all-electric future.”

The Cadillac Lyriq electric SUV is the first electric vehicle using GM’s Ultium platform. It is expected to come equipped with 150 kW fast charging and a range of 300 miles. It will come to the market with a price tag under $60,000 and is expected to launch in 2022.

Leave a Reply

Your email address will not be published. Required fields are marked *