Home / Business / GM invests $ 2.2 billion in an electric vehicle plant where HUMMER EV will be produced

GM invests $ 2.2 billion in an electric vehicle plant where HUMMER EV will be produced



General Motors announced on Friday that it will transform its Detroit-Hamtramck Assembly Center into Factory ZERO, which will be the company’s new headquarters for electric vehicle manufacturing.

The $ 2.2 billion investment to reorganize and upgrade the facility comes just days before it’s set to feature the HUMMER EV, a fully electric truck.

FISKER, ELECTRIC CAR MANUFACTURER, PUBLISHES WITH A VALUE OF $ 2.9 BILLION

“Factory ZERO is the next battleground in the electric vehicle race and will be GM̵

7;s flagship assembly plant on our journey to an all-electric future,” said Gerald Johnson, executive vice president of Global Manufacturing. “The electric trucks and SUVs that will be built here will help transform GM and the auto industry.”

Stocks in this article

It’s a real renaissance for the plant, which went dormant and moved 800 workers to other factories last year to prepare for the switch to electric vehicles.

“We are preparing to build battery electric trucks at this facility,” GM CEO Mary Barra told FOX Business last December. “So Detroit-Hamtramck has a bright future and each of the interested employees has the opportunity to work at some of our other facilities.”

ELON MUSK SAYS TESLA “VERY CLOSE” TO SINGLE DRIVING CARS

The investment, which is the largest in GM’s history, will create 2,200 manufacturing jobs once fully operational.

In this Jan 16, 2019 photo, Cruise AV, General Motor’s self-contained electric Bolt EV is shown in Detroit. General Motors’ Cruise Self-Drive Vehicle Unit says it will withdraw backup human drivers from its vehicles in San Francisco by the end of Th

GET THE FOX BUSINESS ON THE GO BY CLICKING HERE

In addition to the HUMMER EV, the Cruise Origin will also be built here. It is based on GM’s Ultium battery platform.

GM just got approval to begin testing Cruise Origin’s autonomous driving capabilities in San Francisco later this year.

CLICK HERE FOR MORE INFORMATION ABOUT FOX BUSINESS


Source link