General Motors will invest more than $7 billion in four Michigan manufacturing sites, significantly increasing battery cell and electric truck manufacturing capacity. This is the single largest investment announcement in GM history. The investment includes construction of a new Ultium Cells battery cell plant in Lansing with LG and the.
GM's announcement that its is investing $7 billion into its EV production means great news for drivers who are anxious to land a 2024 Chevy Silverado EV or a 2024 GMC Sierra EV. Here's how the automaker plans to boost production.
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At a total of $7 billion, this is the single largest investment announcement in GM's history, and $6.6 billion of it is for electric vehicles and battery cells.