Auto

GM plans investments to expand EV production

DETROIT — General Motors is predicted to announce on Tuesday important investments to expand production of electrical automobiles at a manufacturing unit in Spring Hill, Tenn., and probably different websites.

GM mentioned in an announcement Monday that it deliberate to make a “major U.S. manufacturing investment announcement” on Tuesday. The Detroit News reported that the automaker deliberate to start constructing the Cadillac Lyriq electrical crossover at its Spring Hill, Tenn., plant. AutoForecast Solutions, which tracks business production plans, mentioned it expects the Lyriq to go into production in late 2022.

GM may transfer production of automobiles to different crops, leading to new investments in different places. AutoForecast Solutions mentioned it expects some electrical automobile production can even be introduced for a manufacturing unit in Mexico.



The automaker’s plans for investing in U.S. factories include two weeks left within the U.S. presidential election marketing campaign. U.S. President Donald Trump and Democratic rival Joe Biden are competing for help from auto employees in Midwestern swing states.

GM CEO Mary Barra has outlined plans to make investments $20 billion by 2025 in new electrical automobiles and electrical automobile battery know-how.

The automaker plans to spend $2.5 billion overhauling and retooling its Detroit-Hamtramck manufacturing unit to construct a GMC Hummer EV electrical pickup truck, an autonomous taxi and different automobiles.

That plant was formally rechristened on Friday as “Factory Zero,” a reference to Barra’s purpose of “zero crashes, zero emissions and zero congestion.”

GM presently builds its electrical Chevrolet Bolt at a big meeting plant within the northern suburbs of Detroit.

At the identical time, GM is investing in its giant, gasoline-fueled pickup vehicles, SUVs and crossovers, which earn the majority of the income the automaker wants to fund its electrical automobile applications.

Source


Back to top button