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General Motors has announced a $760 million investment in a new factory in Toledo, Ohio, to manufacture electric car drive units. The new facility is the first propulsion-specific assembly plant in the United States for GM. The plant will produce electric car drive units, including those for the Chevrolet Silverado EV, GMC Sierra EV, and Hummer EV.
GM is investing in the Toledo factory to make an electric car drive unit, and a UAW president is supporting the move. The company is also investing $491 million in a metal stamping plant in Marion, Indiana, to produce steel and aluminum stamped components.
The investment will make Toledo the first factory in the United States to produce electric drive units. The factory will make drive units for GM’s upcoming ULTIUM platform, and parts for front-, rear-, and all-wheel drive vehicles. GM has already named several EV models that will receive drive units from the plant, including the GMC Hummer EV and Chevrolet Silverado EV.
The new factory will continue to manufacture transmissions for internal combustion vehicles, and it will switch to making electric car drive units over time. The process will begin this month, and production of electric car drive units is expected to begin early in 2024. As the EV market grows, GM will need enough manufacturing capacity to meet demand.
GM plans to produce zero-emission vehicles by 2035. Current EV models include the Cadillac Lyriq, GMC Hummer EV, and Chevrolet Bolt. In addition, the company plans to build 30 new electric vehicles by 2025. The company currently employs about 1,500 people at the Toledo Propulsion Systems Plant.
GM has stated it wants to keep all its employees on board during this transition. This means that employees will not have to leave their hometowns. In the past, GM workers have been forced to move to new locations when their plants did not produce new products. The new investment could qualify for tax incentives under the Inflation Reduction Act.