GM Investing $2 Billion In US Electric Vehicle Manufacturing

GM has announced it is investing at least $2 billion to increase production of its electric vehicles.

The company plans to transition its Spring Hill, TN factory to electric vehicle production, making it the third one equipped to do so. The all-new, electric Cadillac LYRIQ will be produced at Spring Hill, along with the Cadillac XT6 and XT5. The facility will continue to build a blend of traditional and electric vehicles.

The company is also investing in five of its Michigan plants, investments that will help with future pickup and crossover production, as well as Cruise AV production. With this announcement, GM joins the list of automakers doubling down on an all-electric future.

“We are committed to investing in the U.S., our employees and our communities,” said GM Chairman and CEO Mary Barra. “These investments underscore the success of our vehicles today, and our vision of an all-electric future.”