A $6.5 billion investment in electric vehicle and battery plants in Michigan is being planned by GM and Ultium Cells, according to state documents published Friday.
There is an electric car pictured at the Detroit-Hamtramck assembly plant.
John F. Martin worked for General GM.
The Michigan Strategic Fund, a state agency that offers grants and other financial perks to companies operating in Michigan, expects 4,000 jobs to be created by GM and Ultium.
The Strategic Fund will discuss incentives for GM and Ultium next week.
According to a report, GM is planning to invest $4 billion to expand a plant in Michigan that will make electric Chevrolet Silverado and GMC Sierra pickup trucks, and that it will spend $2.5 billion on a battery factory in Lansing.
Requests for comment from GM and Ultium were not responded to.
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Between 2020 and 2025, GM will invest $35 billion in electric vehicle and self-driving vehicle development. The New York Times reported that in January 2021, GM set a goal of eliminating tailpipe emissions in new vehicles by 2035 and becoming carbon-neutral by 2040, a decision that likely put pressure on other automakers to announce similar goals. The company has made several investments in electric vehicle technology, including an expansion to a battery testing lab in Warren, Michigan, and a $400 million investment in an assembly plant for electric Chevrolet Bolts. GM opened its first plant devoted to electric vehicles in Detroit in November. The company has increased its capacity to make electric vehicle components which can be used in-house or sold to other automakers.
It's called Tangent.
The electric version of the Hummer is symbolic of outsized gas-guzzling vehicles.
The document states that GM has set $6.5 billion for Michigan electric vehicle plants.
GM aims to be a leading supplier of electrical components.
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