GM eyes investments of more than $4 billion in Michigan EV plants – Reuters
The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook/File Photo
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Dec 10 (Reuters) – General Motors (GM.N) is considering investing more than $4 billion in two Michigan plants to boost its electric vehicle production capacity, according to sources and documents made public on Friday.
GM has proposed building a $2.5 billion battery plant near Lansing with partner LG Energy Solution (051910.KS), the documents show.
The largest U.S. automaker is separately considering a $2 billion overhaul of its Orion Township assembly plant north of Detroit to build next-generation electric vehicles. The total investments could top $4 billion, a source familiar with the plan told Reuters.
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Documents posted by the city of Lansing show GM is considering building a battery …….