GM to invest $760 million to shift Ohio plant to EV-part production - 26 septembrie 2022
General Motors Co (US.GM) said on Friday it will invest $760 million at its Toledo, Ohio factory to build drive units for electric trucks, the automaker's first U.S. powertrain facility repurposed for EV-related production.
GM said last year it would increase its EV and autonomous vehicle investments from 2020 through 2025 to $35 billion, a 75% increase as it vows to stop selling gas-powered vehicles by 2035. GM and LG Energy Solution said last month they are considering a site in Indiana for a fourth U.S. battery cell manufacturing plant for the companies' Ultium joint venture expected to cost about $2.4 billion.