General Motors announced plans to invest at least $900 million to convert its Lansing, Michigan auto plant into an electric vehicle (EV) production facility, according to Energy Secretary Jennifer Granholm on Thursday.
Granholm disclosed the investment during an event in Lansing, emphasizing GM’s commitment to advancing EV manufacturing in Michigan. The government also approved $500 million in grants for GM’s Lansing Grand River Assembly Plant transformation to EV production, with specific models for the plant yet to be detailed.
GM’s broader strategy includes converting several internal combustion engine plants, including two in Michigan and others in Tennessee, Ohio, and Kansas, as part of its goal to phase out gasoline vehicle sales by 2035.
Sources familiar with GM’s plans indicate that the actual investment could exceed the $900 million initially proposed in the company’s application to the Department of Energy. Last year, GM committed $1.25 billion to future EV investments at the Lansing plant during negotiations with the United Auto Workers union.
In addition to plant investments, GM partnered with LG Energy Solution (373220.KS) in January 2022 to build a $2.6 billion battery cell manufacturing facility in Lansing, expected to begin production by late 2024.
Since 2020, GM has allocated over $12 billion to bolster North American EV manufacturing and enhance its supply chain infrastructure.
