GM invests $154 Million into Electric Vehicles

General Motors, the world’s largest automaker, announced on Friday that it will invest $154 million in an electric car motors plant in western New York.

The funds will be used to renovate the Lockport Components plant in New York, with the goal of installing new machines capable of producing electric vehicles. The plant is expected to create 230 new jobs in the area once it is completed.

This is one of the first phases in General Motors’ electric vehicle deployment. In a press release last month, General Motors announced plans to release 30 all-new electric vehicles worldwide by 2025, two-thirds of which will be available in North America.

The MC Hummer EV Edition 1 Pickup and the BrightDrop EV600 light commercial vehicle, the company’s first EV offerings, were both constructed on GM’s unique EV architecture and propulsion technology known as “the Ultium Platform.”

The company said the investment will be used to renovate the facility, but also to “purchase and install new machinery and equipment used in the production of the stator module “– a key component in electric vehicle motors. Facility renovations are to begin immediately.