Common Motors has introduced that it plans to put money into its powertrain plant in St. Catharines, Ontario, as a way to produce greater than 400,000 new Ultium electrical drive system models per 12 months. The funding may even create round 500 jobs within the meeting of electrical drive programs.
Whereas the precise quantity of GM’s funding was not disclosed, the corporate did make clear that the funding remains to be topic to authorities subsidies. Negotiations with the Canadian authorities and the provincial authorities of Ontario are anticipated to conclude later this 12 months.
The drive models constructed at St. Catharines will likely be utilized in autos constructed on GM’s versatile EV structure. 2023 will likely be a breakout 12 months for Ultium autos with the electrical Cadillac LYRIQ the inexpensive Chevrolet Equinox EV, Chevrolet Blazer EV, Chevrolet Silverado EV, GMC Sierra EV, and GMC HUMMER SUV EV all getting into the North American market.
The brand new St. Catharines funding builds upon different current GM Canada investments together with a C$28 million Renewable Vitality Cogeneration challenge at St. Catharines; Canada’s first large-scale EV plant in Ingersoll Ontario, now making the BrightDrop Zevo 600; a brand new Ultium CAM Cathode Lively Supplies facility now beneath building in Bécancour, Quebec; growth of GM’s Canadian Expertise Centre in Oshawa and Markham, Ontario, together with a brand new 55-acre CTC McLaughlin Superior Expertise Monitor and the current reopening and return to a few shifts of pickup manufacturing at Oshawa Meeting.
GM Canada is engaged with the Ontario and federal governments and expects to finish discussions later this 12 months.
The funding in St. Catharines is only one of a number of that GM has made lately. The corporate has additionally introduced plans to put money into its vegetation in Michigan, Tennessee, and different places. This underscores the corporate’s dedication to constructing a sustainable future and offering jobs within the communities the place it operates.
Feb 23, 2023