General Motors says it will invest $2.2B to convert an ageing Detroit assembly plant into the manufacturing heart of its “all-electric future.”
What is expected to be called the Hummer pickup will go into production in late 2021. It will be followed in early 2022 by a version of the Cruise Origin, the fully driverless ride-sharing vehicle announced last week by Cruise, GM’s autonomous vehicle subsidiary.
The $2.2 billion that GM will spend on the Detroit-Hamtramck plant is part of a broader investment of $3 billion authorized. That includes a number of other projects supporting the automaker’s aggressive plan to “electrify” its vehicles. Late last year it said it would set up a factory in Lordstown, Ohio to build batteries, a joint venture with South Korea’s LG Chem worth $2.3 billion.
Some will be targeted primarily at the U.S., others at overseas markets, such as China. Many will be marketed worldwide.
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