$154 million invested in general investment parts factory

General Motors will invest nearly $154 million in the Lockport Components factory in western New York to produce motor parts. In addition, it will invest in two plants in Michigan.

It is reported that GM's investment in the New York plant involves the production of the built-in stator module of the motor. At that time, the plant will be renovated and new production machines equivalent to about 136 million euros will be purchased. According to General Motors, the renovation project will begin immediately, but the announcement did not mention when the renovation is expected to be completed.

In addition to building built-in stator modules for motors, Lockport Components also continues to produce radiators, capacitors and heating elements. According to the demand, parts factories will create up to 230 new jobs between 2023 and 2026.

"GM's investment in the Lockport Components factory reaffirms our commitment to manufacturing in western New York and our confidence in this team. They will build a key module in the motor assembly of our future electric trucks and SUVs," said Gerald Johnson, GM's executive vice president of global manufacturing and sustainable development.

In addition, according to foreign media reports, GM will invest US $6.5 billion in two electric vehicle and battery production bases in Michigan. Of this, US $4 billion will be used to expand the Orion Town assembly plant to produce more electric vehicles. The other US $2.5 billion is planned to be used for the new Ultium Cells battery plant in Lansing. (Source: electric; compiler/Li Na, Home of Automobile)