Thursday, May 19, 2022

GM to spend $154M refurbishing NY plant for EV production

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General Motors said it will spend $ 154 million to repair a plant near Buffalo, where the automaker will produce the bulk of the engine used in electric vehicles.

The investment in the Western New York Lockport Components plant, which aims to repair the facility and install new equipment, is expected to create about 230 new jobs.

The company said new hires will begin next year, but “actual staff plans will be completed closer to the start of production as the facility moves to support the production of EV engine parts.”

The equipment is used for serial production of the stator module, which helps to support the company’s appropriate propulsion system – the Ultium platform.

The platform will help power GM’s fleet of 30 electric trucks and SUVs, which the Detroit-based company promises to launch by 2025. GM intends to have full power by 2035 and double its revenue by 2030 by fighting Tesla. raced ahead of competitors in the emerging EV market.

“GM’s investment in Lockport Components reaffirms our commitment to manufacturing in Western New York and our confidence in this community,” said Gerald Johnson, GM’s Executive Vice President for Global Manufacturing and Sustainability.

Located outside Buffalo, the Lockport plant (New York) manufactures a stator module, a key component used in electric car engines.

Johnson noted that the investment is “a great example of how we can take our workforce on a journey to a fully electric future while we expand our EV production capacity and maintain the flow of spare parts for our current vehicles.”

Earlier this month, GM CEO Mary Barra said the company’s line of old heavy-duty pickups, including the Chevy Silverado and GMC Sierra, will be equipped with zero-exhaust gas exhaust pipes by 2035.

The company has invested $ 35 billion over three years to develop electric and autonomous vehicles.

The company has its own business for this. Japanese rival Toyota overtook GM in the U.S. last year – the first time since 1931 that a Detroit carmaker has led the U.S. in car sales.

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