Wednesday 26 January 2022

GM invests $154m into EV production facility

GM invests $154m into EV production facility

General Motors (GM) has announced plans to invest $154 million (£115m) into a plant in New York to increase electric vehicle (EV) production.

The investment will renovate the site, founded in 1910, to turn its focus to producing components and machinery for electric motors. These motors are critical to GM’s electric trucks and SUVs.

The Lockport Components Plant renovation is expected to generate 230 more jobs and contributes towards its aim of investing $35 billion (£25bn) into EVs by 2025.

Executive Vice President of Global Manufacturing and Sustainability, Gerald Johnson, said: “This is an excellent example of how we are bringing our workforce along on the journey to an all-electric future while we scale our EV production capacity and maintain a flow of parts for our current vehicles.”

Written by

Bruna Pinhoni

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