It seems General Motors is very serious about becoming a leader in electric vehicles. The company announced today an investment of $7 billion for increased production of electric vehicles and battery manufacturing, all located in Michigan. It's the single biggest investment in the company's history, creating 4,000 jobs while retaining 1,000 in the process.
"Today we are taking the next step in our continuous work to establish GM's EV leadership by making investments in our vertically integrated battery production in the U.S., and our North American EV production capacity,” said GM CEO Mary Barra. "We are building on the positive consumer response and reservations for our recent EV launches and debuts, including GMC Hummer EV, Cadillac Lyriq, Chevrolet Equinox EV, and Chevrolet Silverado EV. Our plan creates the broadest EV portfolio of any automaker and further solidifies our path toward U.S. EV leadership by mid-decade."
