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GM to spend USD6.5B, add 4,000 jobs at EV factories

LANSING, MICHIGAN (AP) – General Motors (GM) is poised to announce next week major electric-vehicle investments in Michigan, with plans to spend USD6.5 billion and create up to 4,000 new jobs at two plants.

The state’s economic development board is expected to approve an incentives package Tuesday, according to a meeting agenda posted online.

The Associated Press previously reported the Detroit automaker’s plan to partner in a joint venture to build a USD2.5B electric-vehicle battery factory in the Lansing area, adding as many as 1,700 workers.

GM also plans to spend USD4 billion and create up to 2,300 new jobs by designating an existing plant in Orion Township as its third electric-vehicle factory, along with plants in Detroit-Hamtramck and Spring Hill, Tennessee.

The selections are a big win for Michigan, which missed out on three Ford Motor Co battery factories and a Ford electric-vehicle assembly plant that will be built in Kentucky and Tennessee.

Michigan state lawmakers and Governor Gretchen Whitmer recently enacted a new USD1 billion fund designed to land major business projects.

“The Ford announcement felt like a punch in the nose,” CEO of the Michigan Economic Development Corp and president and chair of the Michigan Strategic Fund Quentin Messer Jr said last month.