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GM to invest $2 billion in Tennessee factory so it can build electric vehicles

admin by admin
October 21, 2020
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GM to invest $2 billion in Tennessee factory so it can build electric vehicles
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The Spring Hill plant shall be geared up to construct the brand new Cadillac Lyriq electrical SUV, making it the third GM manufacturing unit able to constructing electrical automobiles, the automaker stated Tuesday.

The manufacturing unit at the moment builds two gasoline-powered Cadillac SUVs, the XT5 and the XT6, in addition to the GMC Acadia SUV. Manufacturing of the Acadia shall be shifted to a distinct GM manufacturing unit in Lansing, Michigan. Manufacturing of the opposite Cadillac SUVs will proceed alongside the Lyriq.

General Motors' Spring Hill, Tennessee, factory will build the Cadillac Lyriq electric SUV.
GM unveiled the Cadillac Lyriq final August. It’s anticipated to enter manufacturing in late 2022.
GM (GM) additionally introduced investments in 4 different Michigan meeting vegetation Tuesday.

Amongst them, a $three.5 million funding in its Orion Meeting plant in Michigan. The corporate had beforehand introduced it was investing $300 million in that plant, which makes the Chevrolet Bolt EV. The Orion manufacturing unit may even make one other electrical Chevrolet mannequin sooner or later, GM stated.

“We’re dedicated to investing within the US, our staff and our communities,” stated GM Chairman and CEO Mary Barra. “These investments underscore the success of our automobiles right now, and our imaginative and prescient of an all-electric future.”

Final week, GM introduced that it had renamed its Detroit-Hamtramck manufacturing unit “Manufacturing facility Zero.” GM is investing $2.2 billion in that manufacturing unit, which is predicted to finally make use of some 2,200 employees, which is a couple of hundred greater than in recent times.
The manufacturing unit will construct the brand new GMC Hummer EV electrical truck late subsequent yr. It is also anticipated to construct the Cruise Origin, a self-driving electrical automobile designed by GM and Honda.
Tags: billionbuildelectricFactoryinvestTennesseevehicles
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