GM Announces Another $2 Billion Investment to Transition Plant to Build EVs
General Motors announced that it will invest $2 billion to transition its Spring Hill, Tennessee assembly plant to produce electric vehicles. The Spring Hill plant will become GM’s third EV production facility, joining Factory ZERO in Detroit and Hamtramck, Michigan, and Orion Assembly in Orion Township, Michigan.
The company said that the new Cadillac LYRIQ will be the first EV produced at Spring Hill. The LYRIQ will be built utilizing GM’s Ultium battery platform, the heart of GM’s future EV lineup. According to GM, Ultium is flexible enough to build a wide range of EVs, both cars and trucks. In a significant validation of the automaker’s EV battery platform, GM recently announced a partnership with EV company Nikola, which will include the use by Nikola of Ultium for its upcoming EV trucks.
According to GM, over the past 19 months, the company has committed to invest more than $4.5 billion at the three facilities to prepare EV-related vehicle production. Last week, the company unveiled Factory ZERO, its Detroit-Hamtramck Assembly Center that is being reconfigured to an all-electric vehicle assembly plant.
GM Chairman and CEO Mary Barra, said:
“We are committed to investing in the U.S., our employees and our communities. These investments underscore the success of our vehicles today, and our vision of an all-electric future.”