General Motors has Proposed a $4bn Battery Plant in Michigan

General Motors

General Motors sustainability goals have taken a stride forward as the company is considering investing more than $4 billion in two Michigan plants to increase its ability to produce electric vehicles. In the documents made public, GM has proposed constructing a $2.5 billion battery plant close to Lansing with partner LG Energy Solution.

A separate $2 billion renovation of the Orion Township assembly plant, located north of Detroit, is being considered by the biggest American carmaker in order to produce next-generation electric vehicles. The total amount invested may exceed $4 billion.

According to documents made available by the city of Lansing, GM is considering constructing a battery cell manufacturing facility in the nearby Delta Township, which may have 1,700 workers by the year 2028. On Monday, the Lansing City Council is anticipated to examine the request.

Based on the filings, the 2.5 million square foot joint venture battery plant will be built on GM-owned land and “the battery cell production facility will generate significant economic activity throughout Michigan.”

GM stock increased 4.8% to $62.50 in afternoon trading.

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