GM's $500M investment in SUVs and plant upgrades amid EV shift.
TL;DR
General Motors (GM) does not plan to open or close any plants as it shifts to electric vehicles (EVs), believing it has the manufacturing capacity within its existing network. The automaker plans to maximize efficiency within its current footprint and convert its plants as it shifts to EVs. GM is preparing for an all-electric future based on its Ultium platform and will launch several new Ultium-based EVs later this year. The company's first dedicated EV assembly plant, Factory Zero, will serve as GM's flagship assembly plant in its journey to an all-electric future.
Topics:businessautomotive#automotive#electric-vehicles#factory-zero#gm#manufacturing#ultium-platform
- GM not planning to open or close any plants amid electric vehicle shift Electrek.co
- GM to invest $500 million to build next-generation Cadillac Escalade, other large SUVs CNBC
- GM Has No Plans To Build All-New Factories For Electric Vehicles InsideEVs
- GM to invest $500M to upgrade Arlington, Texas plant Detroit Free Press
- GM: No need to open or close more plants for EV transition Automotive News
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