GM Will Invest $300 Million, Adds 400 Jobs To Build New EV Model

Several new EV models will go into production by 2023, according to GM

GM announces new EV model

General Motors said it would invest into its Orion plant.

The Orion plant in suburban Detroit current produces two models: the Chevrolet Bolt EV and the compact Sonic. Now, GM announced it would invest $300 million to build a new EV model. Built alongside the Bolt, its production would add 400 jobs, according to the company’s recent statement.

As for what sort of EV model it would produce, General Motors said it will announce product information and timing closer to the new model’s production. In the meantime, however, the company plans to invest a total $1.8 billion to create 700 jobs in six states. “We are excited to bring these jobs and this investment to the U.S.,” said company chairman and CEO Mary Barra. “This new Chevrolet electric vehicle is another positive step toward our commitment to an all-electric future.

2017 Chevrolet Bolt EV

Currently, GM plans to introduce 20 new battery of fuel-cell vehicles globally by 2023.

This news comes on the heels of the company idling the Lordstown, Ohio plant. The plant had been in operation since 1966 and most recently built the Chevrolet Cruze. Although that plant is out of commission, General Motors announced it would invest in Cadillac’s Spring Hill, Tennesee plant as well as the Delta Township and Romulus, Michigan plants.