GM Raises EV Investment to $35 Billion, 2 New Battery Plants

URLhttps://www.thomasnet.com/insights/gm-raises-ev-in
SourceThomas Insights
Date Published07/01/2021
Author NameMike Hockett
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name General Motors Company
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Reshoring
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:Both
Capital investment ($):35000
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredUltium battery cells
What domestic positive factors made reshoring more attractive?Eco-system synergies, Lead time/Time to market, Other, import replacement
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