Dealers' #1 source for auto industry news, content, coaching & analysis

GM invests $760 million in Ohio plant to build drive units for electric trucks

General Motors has announced plans to convert its transmission plant in Toledo, Ohio, to help support the production of electric drives for its line of electric vehicles. The automaker says the conversion will require an investment of $760 million.

According to the announcement, the drive units will be used in electric vehicles based on the company’s Ultium platform, primarily in electric pickup models such as the Chevrolet Silverado EV, GMC Sierra EV, and Hummer EV.

“Our Toledo team will continue to play a key role as we work to strengthen our current truck and SUV dominance, while also playing an important role in our EV growth transition,” said Gerald Johnson, GM executive vice president of global manufacturing and sustainability.

The Toledo plant currently employs about 1,500 people and has seen more than $1.9 billion in investments, including this recent announcement. The plan to convert production to support EV models is just one of many moves from the company designed to speed the transition to electric vehicle technology.

GM recently announced an investment of $491 million in its Marion Metal Center in Indiana which will supply the production of electric vehicles in the company’s US assembly plants. Another strategic move involves the company’s recently acquired stake in Lithion Recycling, a Canadian company that plans to open its first commercial plant, which will have a capacity of 7,500 tons, in 2023.

As for Ultium Cells, the joint venture between GM and LG Energy Solution, production of battery cells just started up at the first of four planned plants across the US.


Did you enjoy this article? Please share your thoughts, comments, or questions regarding this topic by connecting with us at newsroom@cbtnews.com.

Be sure to follow us on Facebook, LinkedIn, and TikTok to stay up to date.

While you’re here, don’t forget to subscribe to our email newsletter for all the latest auto industry news from CBT News.

CBT News
CBT News
For over 11 years, CBT News has been informing and helping automotive retail professionals grow their businesses and thrive in their careers through an awarding-winning, on-demand streaming platform. With exclusive interviews featuring the biggest names in the industry, daily newscasts, up-to-date market data, and exclusive articles covering the latest trends, CBT News is your #1 source for auto industry news and content.

Related Articles

Latest Articles

From our Publishing Partners