We are building our electric future by leveraging our existing manufacturing footprint as well as building new plants for battery cell production.
Our manufacturing investments in four Michigan manufacturing sites are expected to create
We plan to rapidly scale EV manufacturing. Globally, we are adding battery assembly/pack facilities to our existing sites in North America and China and converting some propulsion facilities to the manufacturing of drive units.
Since 2020, we have announced investments totaling more than $14 billion in 10 sites across North America to increase our manufacturing capacity in the region to more than 1 million EVs annually by the end of 2025. This is a key step to deliver on our target to achieve carbon neutrality in our global products and operations by 2040.
We believe that leveraging established assembly plants for EV production reduces capital expenditures up to $1.5 billion per assembly plant versus building an all-new plant and enables us to go into vehicle production in less than half the time required of a greenfield plant.
GM is investing $7 billion in four Michigan manufacturing sites, significantly increasing battery cell and electric truck manufacturing capacity. This is the single largest investment announcement in GM history. The investment includes construction of a new Ultium Cells battery cell plant in Lansing, Michigan and the conversion of GM’s assembly plant in Orion Township, Michigan for production of the Chevrolet Silverado EV and the electric GMC Sierra, GM’s second assembly plant scheduled to build full-size electric pickups.
In 2021, we also announced the Wallace Battery Cell Innovation Center, an all-new facility is expected to significantly expand our battery technology operations and accelerate the development and commercialization of longer-range, more affordable EV batteries. The Center, located at our Global Technical Center in Warren, Michigan, is slated to be completed in mid-2022. The latest addition of 50,000 square feet brings the Center to 85,000 total square feet as demand for EVs increases.