Much of GM’s $7B Investment Offer Could Be for EVs: Report

That $7B that GM is offering to the UAW in investments to help seal the latest contract talks between the two could go largely to new EV trucks and a new battery system according to a new report.

GM’s statement issued Saturday said that the company had proposed $7 billion in investments including eight facilities in four states. It also said that that would include an electric pickup and a battery cell plant. The first battery plant to have UAW workers.

A new report from Automotive News says that much of the new investment is going toward producing EVs at a pair of plants in Michigan, and to building battery cells in Ohio. The report says that GM is planning at least five new EVs by 2023. Two Cadillacs, a Buick, and a pair of Chevys. With all of those expected to be built in Orion Township, near Detroit.

The report cites sources familiar with the GM offer as saying the company could build its expected upcoming electric pickup at the Detroit-Hamtramck plant that currently doesn’t have a future vehicle assignment and was expected to close.

It’s also possible that GM could build a new battery facility for EVs near the shuttered Lordstown, Ohio plant that was home to the Cruze. The original GM statement, which has since been pulled from the company’s site, said that the automaker had offered “solutions for unallocated assembly plants in Michigan and Ohio,” suggesting a new possibility for Lordstown’s reopening.

Automotive News

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