Photo: Bill Pugliano (Getty Images)General Motors helped hook Americans on gas-guzzling trucks and SUVs that have been a disaster for the climate. Now, it’s getting serious about a pivot to electric vehicles amid increased electrification efforts from other top automakers. On Tuesday the automaker announced it will invest roughly $7 billion to build out a new EV battery production plan in Michigan. It will also convert another already in use factory into a major producer of electric trucks.
On the battery side, GM said it’s partnering with EV battery maker LG Chemical and spending $2.6 billion to develop a new battery cell manufacturing plant that the company expects could go online by 2024. The larger chunk of the investment (around $4 billion) is going towards converting a current factory to serve at the main development site for the company’s Chevy Silverado EV and electric…
GM Will Invest $7 Billion in EV Batteries and Electric Trucks
