$300m Announcement Expected for Orion Plant

General Motors is said to be ready to make an announcement today about a big investment into one of its plants. The money will go to the Orion facility and will help build a new generation of electric and self-driving cars, according to the report.

Company execs are expected to make an announcement of $300 million in spending on the Orion Assembly Plant, Reuters reports. The report says that sources familiar with the plan said that the automaker will announce that it is planning to build a new compact electric Chevrolet at the plant. The new vehicle is said to share architecture with the Chevrolet Bolt EV that is already assembled in Orion. This announcement could mean hundreds of additional jobs at the plant.

The report also slates a new generation of EV and self-driving car to be built at the plant. On a new BEV3 dedicated architecture. But that one won’t arrive until 2023.

Orion Assembly is located in Orion Township, about 35 miles north of Detroit. The plant opened in 1983. Currently, it handles assembly of the Chevrolet Bolt EV as well as the Chevrolet Sonic subcompact. The Bolt-based Cruise Autonomous Vehicle is also assembled on the line at the facility.