GM to spend US$700m on electric car | Shanghai Daily

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December 9, 2009

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GM to spend US$700m on electric car

GENERAL Motors Co said on Monday it will spend US$700 million at eight Michigan facilities in the United States to get its new rechargeable electric car road-ready - a boost for its home state.

GM officials detailed their investment plans for the Chevrolet Volt on the floor of its assembly plant that straddles the border between Detroit and tiny Hamtramck. The plant, which will begin mass producing the Volt in late 2010, is getting a US$336 million upgrade that includes new machinery and other equipment.

GM's combined Volt-related investment also includes US$202 million for a new plant in Flint that will build engine generators; US$43 million for a plant in the Detroit suburb of Brownstown Township that will begin making battery packs early next year; US$37 million for a Bay City powertrain plant; and US$27 million for the GM Tech Center in suburban Warren, home to the Volt's battery laboratory.

Jon Lauckner, GM's vice president of global product planning, said the company expects it will be the first US facility owned by a major auto maker to produce an electric car.

The car is expected to cost US$35,000 to US$40,000.




 

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