Common Motors (NYSE:GM) stated Friday it should spend $760M to renovate its Propulsion Programs manufacturing facility in Toledo, Ohio, so it could actually construct drive models that be utilized in electrical automobiles.
The Toledo plant might be the automaker’s first U.S. powertrain or propulsion-related manufacturing facility to start the transition from inside combustion engines to EV-related manufacturing.
The two.8M sq. ft. plant, in-built 1956, will make drive traces for future electrical vehicles together with the Chevrolet Silverado and GMC Sierra pickups, together with GMC Hummer EVs.
The plant employs 1,500 employees and at the moment makes 4 transmissions utilized in pickup vehicles and different GM (GM) inside combustion automobiles.
Final week, GM (GM) stated it should spend $491M at its Marion Stamping plant in Marion, Indiana, to organize it to make metal and aluminum-stamped elements for future automobiles together with EVs made at a number of GM meeting crops.