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Classified in: Environment, Transportation, Science and technology, Business
Subject: CXP

GM Investing $2 Billion to Transition Spring Hill, Tennessee Plant to Build Electric Vehicles, including Cadillac LYRIQ


WARREN, Mich., Oct. 20, 2020 /PRNewswire/ -- General Motors Co. (NYSE: GM) announced today that its Spring Hill, Tennessee assembly plant will begin the transition to become the company's third vehicle manufacturing site to produce electric vehicles, joining Factory ZERO in Detroit and Hamtramck, Michigan, and Orion Assembly in Orion Township, Michigan. In addition, the company is confirming investments in five Michigan plants, including the Lansing Delta Township Assembly and Flint Assembly for future crossover and full-size pickup production.

The all-new Cadillac LYRIQ will be the first EV produced at Spring Hill. Production of the Cadillac XT6 and XT5 will continue at Spring Hill. The facility will build both traditionally powered Cadillac products and EVs.  

The six U.S. facility investments total more than $2 billion, bringing the total amount GM has invested or committed to invest in its U.S. manufacturing sites to more than $29 billion since 2009. Today's planned investments include:

Launch timing and additional product details will be released at a later date.

"We are committed to investing in the U.S., our employees and our communities," said GM Chairman and CEO Mary Barra. "These investments underscore the success of our vehicles today, and our vision of an all-electric future."

In the last 19 months, GM has committed to invest more than $4.5 billion at three U.S. manufacturing sites to prepare those facilities for EV-related vehicle production.

In January, GM announced it was investing $2.2 billion at its Detroit-Hamtramck Assembly, now known as Factory ZERO, Detroit-Hamtramck Assembly Center. Production of the first all-electric GMC HUMMER EV pickup, the first of a variety of all-electric trucks and SUVs to be built at GM's Factory ZERO plant, will begin in late 2021. This will be followed soon after by the Cruise Origin, a purpose-built electric, self-driving vehicle.

When Factory ZERO is fully operational, this investment will create more than 2,200 good-paying U.S. manufacturing jobs. GM is also investing an additional $800 million in supplier tooling and other projects related to the launch of the new electric trucks.

In March 2019, GM announced it would invest $300 million in Orion Assembly to produce a new Chevrolet electric vehicle, bringing 400 new jobs to the facility. This new Chevrolet EV joins the existing Chevrolet Bolt EV and will be designed and engineered based on an advanced version of the current award-winning Bolt EV architecture.

Separately, GM and LG Chem formed a joint venture ? Ultium Cells LLC ? and together are investing more than $2.3 billion to build a new, state-of-the-art battery cell manufacturing plant in Lordstown, Ohio that will create more than 1,100 new jobs. Construction of the facility is well underway. The new battery cell manufacturing plant will play a critical role in GM's commitment to an all-electric future.

General Motors (NYSE:GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.

SOURCE General Motors Co.


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