September 29, 2022

GM investing $760 million in Toledo factory to make electric car drive units

2 min read

The drive units will be used in GM electric trucks, the automaker said, including the GMC Hummer EV, which is currently in production, and the upcoming Chevrolet Silverado EV and GMC Sierra EV. It will be GM’s first U.S. engine or transmission factory adapted for electric vehicle-related production.

Electric drive units include an electric motor, a one-speed transmission and power electronics that bring power to and from the motor. (Unlike gas cars, electric vehicles don’t need a transmission with more than one speed.) GM wouldn’t say whether the motors themselves will be built at the Toledo, Ohio, factory or elsewhere.

For now, at least, the factory will continue to build electric drive units as well as transmissions for front- and rear-wheel-drive gas-powered vehicles, GM spokesman Dan Flores said.

“This investment helps create job security for our Toledo team for years to come and is the next step in our journey to an all-electric future,” said Gerald Johnson, GM executive vice president of global manufacturing and sustainability, in a statement. step.”

GM has said it plans to produce only zero-emission light-duty trucks and passenger vehicles by 2035. The Detroit-based automaker currently makes the Cadillac Lyric, GMC Hummer EV and Chevrolet Bolt electric vehicles. Several other electric models, incl Chevrolet Equinox EVare planning in the next few years.

The Toledo Propulsion Systems plant currently employs about 1,500 people. The company did not say whether it plans to hire more.

GM has already invested in some final assembly plants — factories where complete vehicles are built — to prepare them to make electric vehicles. For example, GM invested. $2.2 billion in its Detroit-Hamtramck factory, renamed “Factory Zero” Where Hummer EVs are now built. GM too invested $2 billion in its Spring Hill, Tennessee, factory. which now makes the Cadillac Lyriq electric SUV along with gasoline-powered models.

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