trending Market Intelligence /marketintelligence/en/news-insights/trending/qjnQo3_pl4Ma8sHG_4GNDA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Report: GM to invest $300M in Mich. plant to build new Chevy EV

Report: GM to invest $300M in Mich. plant to build new Chevy EV

General Motors Co. is expected to announce a $300 million investment in its Orion, Mich., plant to build a new Chevrolet electric vehicle, Reuters reported March 21, citing people familiar with the plans.

The new model was initially planned for production at one of the carmaker's facilities in China, but company executives are expected to attribute the location change to the new United States-Mexico-Canada Agreement, according to the report.

The USMCA, which is set to replace the 1994 North American Free Trade Agreement, still needs to be approved by the U.S. Congress.

The investment reportedly could add hundreds of jobs to the Orion plant, which also makes self-driving cars for its GM Cruise LLC unit.

The development comes a few days after U.S. President Donald Trump urged the carmaker to decide on the future of its Lordstown, Ohio, facility.

The company previously said it will invest more than $100 million at the Orion Township and Brownstown, Mich., facilities as it expects to begin commercializing a driverless Cruise AV model in 2019. The new Chevrolet model reportedly is based on the same vehicle architecture as the Cruise AV and the Chevrolet Bolt EV, which is also manufactured at the same facility.

In addition, the Orion plant in 2023 would start making a new generation of electric and self-driving vehicles based on GM's BEV3 vehicle architecture, according to the report.

General Motors declined to comment to Reuters for the story.

Ford Motor Co. earlier this week also announced plans to invest over $850 million through 2023 in building battery electric vehicles at its assembly facility in Flat Rock, Mich.