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GM to invest $900 million to retool Michigan auto plant to build EVs

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GM to invest $900 million to retool Michigan auto plant to build EVs

Jul 11, 2024 8:20 AM

July 11 (Reuters) - General Motors ( GM ) plans to

invest at least $900 million to retool a Lansing, Michigan auto

plant to build electric vehicles, Energy Secretary Jennifer

Granholm said Thursday.

Granholm announced GM's planned investment at an event in

Lansing. Earlier on Thursday, she announced the largest U.S.

automaker will receive $500 million in government grants to

convert its Lansing Grand River Assembly Plant in Michigan to

EVs at an unspecified future date. GM said it will produce EVs

in Lansing at a future date and declined to discuss details of

the planned models but said the plant will continue to produce

the Cadillac CT4 and CT5.

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