DETROIT—General Motors announced Tuesday its plans to invest $7 billion in Michigan to increase the production of electric vehicles and battery manufacturing. It's the single biggest investment in the company's history, leading to the creation of 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,” says 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."