• Home
  • News
    • Air Mobility
    • Commercial vehicles
    • Battery
    • Sales
    • Charging
    • Industry
    • China
    • Autonomous
    • Concept
    • Conversion
    • Green Energy
    • Hydrogen
    • Industry
    • Formula E
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Ownership Experience
    • Price
  • Events
  • Advertising
  • Contact
EVMagz
SUBSCRIBE
No Result
View All Result
  • Home
  • News
    • Air Mobility
    • Commercial vehicles
    • Battery
    • Sales
    • Charging
    • Industry
    • China
    • Autonomous
    • Concept
    • Conversion
    • Green Energy
    • Hydrogen
    • Industry
    • Formula E
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Ownership Experience
    • Price
  • Events
  • Advertising
  • Contact
EVMagz
SUBSCRIBE
No Result
View All Result
EVMagz
No Result
View All Result

GM to invest $760 million to convert plant in Ohio for electric vehicle parts production

by James Bryant
September 24, 2022
in Industry
0
GM to invest $760 million to convert plant in Ohio for electric vehicle parts production
137
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

General Motors said it would invest $760 million in its Toledo, Ohio, plant to produce drive units for electric trucks, the automaker’s first US powertrain facility repurposed for EV-related production.

GM is currently building GM’s six-speed, eight-speed and 10-speed rear-wheel-drive transmissions and nine-speed front-wheel drive transmissions in its 2.82 million-square-foot range of Chevrolet, Buick, GMC and Cadillac in Toledo. , Ohio, transmission plan which has been renamed Toledo Propulsion Systems.

Congress in August approved significant financial incentives for automakers to convert plants producing parts for gasoline-pore vehicles to electric models.

An auto trade group noted the bill sets aside “more than $15.5 billion in incentives and grants to ensure the United States is building automotive supply chains and a globally competitive battery manufacturing platform.”

“Once the plant is converted, it will produce GM’s family of EV drive units, which convert electric power from the battery pack to mechanical motion at the wheels,” GM said, adding the plant will produce transmission products while building drive units simultaneously during GM’s EV transition.

The Toledo facility currently employs approximately 1,500 people. Many autoworkers have expressed concerns about the shift to EVs and if it would impact current auto employment.

GM executive vice president Gerald Johnson said GM is looking for ways to increase electric vehicle capacity beyond its current goal of being able to build 1 million EVs in North America by 2025.

But hitting that target “would be outstanding. To do better would be astronomical,” Johnson said.

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.

The U.S. Energy Department said in July said it plans to loan Ultium $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities.

Last week, GM said it would invest $491 million at its Marion, Indiana metal stamping operations to prepare the facility to produce a variety of steel and aluminum stamped parts for future products, including electric vehicles.

Canada Post plans to convert its fleet to all-electric vehicles by 2040

Tags: AutomotiveautonomElectric Truckelectric vehicleelectric vehiclesgeneral motorsGMLG Energy SolutionLithium-ionplatformrangesupply chaintruck
Previous Post

Volvo’s all-electric EX90 SUV will be equipped with LiDAR for autonomous driving features

Next Post

Everything You should know about Noordung electric bike

James Bryant

James Bryant

Studied in journalism and transportation. James has been covering the electric vehicle scene since 2010 with focus in sports and China EV Brand.

Related Posts

BCC1 768x475 1 350x250 - GM to invest $760 million to convert plant in Ohio for electric vehicle parts production

EV Metals Group Secures Land in Saudi Arabia for Battery Chemicals Processing Complex

by Michael Khan
January 29, 2023
0

EV Metals Group, an Australian battery materials company, has acquired 127 hectares of land in Yanbu Industrial City, Saudi Arabia,...

mini cooper se production at mini plant oxford 350x250 - GM to invest $760 million to convert plant in Ohio for electric vehicle parts production

UK Car Industry Reaches Lowest Production Levels Since 1956 Amid Pandemic and Chip Crisis

by Sibley Presley
January 27, 2023
0

The car industry in the United Kingdom is facing a difficult period, as new data shows that vehicle production in...

Stellantis

Vulcan Energy Resources and Stellantis Partner to Decarbonize Energy Mix at Rüsselsheim Manufacturing Site

by Sibley Presley
January 23, 2023
0

Vulcan Energy Resources, a geothermal lithium producer, has signed a Binding Term Sheet (BTS) with Stellantis for the initial phase...

Summit Nanotech 10 350x250 - GM to invest $760 million to convert plant in Ohio for electric vehicle parts production

Summit Nanotech Raises $50 Million in Series A2 Funding to Scale Direct Lithium Extraction Technology

by Tyne Rodriquez
January 23, 2023
0

Summit Nanotech Corporation, a company developing direct lithium extraction technology, has raised $50 million in its Series A2 funding round....

Next Post
Noordung electric bike

Everything You should know about Noordung electric bike

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Rivian R1T and R1S to Get Bidirectional Charging Enabling Vehicle to Vehicle and Vehicle to Home Charging 120x86 - GM to invest $760 million to convert plant in Ohio for electric vehicle parts production

Rivian R1T and R1S to Get Bidirectional Charging, Enabling Vehicle-to-Vehicle and Vehicle-to-Home Charging

February 3, 2023
Rivian R1T Vs Tesla Model 3 120x86 - GM to invest $760 million to convert plant in Ohio for electric vehicle parts production

Rivian R1T Damaged During Charging at Electrify America Station

February 1, 2023
Zeekr 3 120x86 - GM to invest $760 million to convert plant in Ohio for electric vehicle parts production

Zeekr Teases 3rd Model, Can Accelerate from 0-100 km/h Within 4 Seconds

February 2, 2023
Hyundai Ioniq 6 Receives Impressive EPA Range Ratings 120x86 - GM to invest $760 million to convert plant in Ohio for electric vehicle parts production

Hyundai IONIQ 6 Official EPA Range Revealed, Up to 361 Miles for Longest-Range Model

February 1, 2023
Nio ET7 is priced lower in Norway than in China

NIO Reports 8,506 Vehicle Deliveries in January 2023, Down 46% from December 2022

February 1, 2023
Alexander Dennis extends Autonomous Bus Trial with Next Gen Battery Electric Enviro100AEV in CAVForth2 Project 120x86 - GM to invest $760 million to convert plant in Ohio for electric vehicle parts production

Alexander Dennis extends Autonomous Bus Trial with Next-Gen Battery-Electric Enviro100AEV in CAVForth2 Project

February 3, 2023
Volvo EX90 Electric SUV To Feature 25 Speaker 3D Sound System By Dolby Atmos 120x86 - GM to invest $760 million to convert plant in Ohio for electric vehicle parts production

Volvo to Electrify All Core Models by 2026: Report

February 3, 2023
Max Out Concept 1 120x86 - GM to invest $760 million to convert plant in Ohio for electric vehicle parts production

Nissan Unveils Max-Out Concept, Convertible Two-Seater EV

February 3, 2023
tesla model y white driving 120x86 - GM to invest $760 million to convert plant in Ohio for electric vehicle parts production

Tesla Model Y Long Range Delivery Estimates Moved to March-May 2023, Reflecting High Demand

February 3, 2023
Xpeng Expands in Europe with Launch of G9 SUV and P7 Sedan Order Books Now Open 120x86 - GM to invest $760 million to convert plant in Ohio for electric vehicle parts production

Xpeng Expands in Europe with Launch of G9 SUV and P7 Sedan: Order Books Now Open

February 3, 2023

Tags

Automotive autonom Autonomous batteries bmw BYD charging charging station china commercial vehicle company concept Electric Bus electric car Electric Truck electric vehicle electric vehicles Energy europe Fast Charging fleet germany hybrid Hydrogen hyundai infrastructure Invest lithium Lithium-ion motorcycle performance platform price range sales sedan software specification specifications supply chain SUV technology toyota truck Volkswagen

About EVMagz

EVMagz is a website focused on reporting on electric vehicles industry. The site was officially launched at the end of 2021 and in a short period of time, with the expertise of the team, it has quickly become the website of choice for many people to get news about the electric vehicles.

  • Home
  • About Us
  • Advertising
  • Support EVMagz
  • Newsletter
  • Privacy Policy
  • Cookie Policy
  • Contact

Browse by Tag

Automotive autonom Autonomous batteries bmw BYD charging charging station china commercial vehicle company concept Electric Bus electric car Electric Truck electric vehicle electric vehicles Energy europe Fast Charging fleet germany hybrid Hydrogen hyundai infrastructure Invest lithium Lithium-ion motorcycle performance platform price range sales sedan software specification specifications supply chain SUV technology toyota truck Volkswagen

Recent Posts

  • Alexander Dennis extends Autonomous Bus Trial with Next-Gen Battery-Electric Enviro100AEV in CAVForth2 Project
  • Volvo to Electrify All Core Models by 2026: Report

© 2023 Develop by EVMagz.

No Result
View All Result
  • News
    • Software
    • Autonomous
    • Battery
    • Charging
    • China
    • Commercial vehicles
    • Concept
    • Green Energy
    • Industry
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Politics
    • Rumors
    • Safety
    • Sales
    • Technology
  • Brand
    • Audi
    • BMW
    • BYD
    • Chevrolet
    • Chrysler
    • Citroen
    • Dacia
    • Daihatsu
    • Ford
    • Geely
    • Honda
    • Huawei
    • Hyundai
    • Kawasaki
    • KIA
    • Lexus
    • Lotus
    • Lucid
    • Mazda
    • Mercedes-Benz
    • Mitsubishi
    • NIO
    • Nissan
    • Polestar
    • Porsche
    • Renault
    • Rivian
    • Rolls-Royce
    • Sony
    • Subaru
    • Suzuki
    • Tesla
    • Toyota
    • VinFast
    • Volkswagen
    • Volvo
    • Wuling
    • XPeng
  • Guides
  • Sports
    • Formula E
    • MotoE
    • Rally1
  • Photos
  • Videos

© 2023 Develop by EVMagz.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
Hey Friend! Get the latest electric vehicles news straight into your inbox!

Don't worry, we don't spam

Close this popup