General Motors said it would invest US$760m at its Toledo, Ohio propulsion manufacturing operations to prepare the facility for production of drive units that will be used in future Ultium-based battery electric trucks, including the Chevrolet Silverado EV, GMC Sierra EV and GMC Hummer.
Toledo Propulsion Systems will be GM’s first US powertrain or propulsion-related factory converted for EV-related production.
Go deeper with GlobalData
With the latest announcement, GM has spent $1.9bn at Toledo since 2011. Renovation work at Toledo Propulsion Systems will begin this month.
Once the plant is converted, it will produce GM’s family of EV drive units, which convert electric power from the battery pack to mechanical motion at the wheels. GM’s EV drive units will cover front-wheel drive, rear-wheel drive and all-wheel drive propulsion combinations, including high-performance and off-road capabilities.
Purchased by GM in 1956, Toledo Propulsion Systems currently builds GM’s six-speed, eight-speed and 10-speed rear-wheel drive and nine-speed front-wheel drive transmissions that are used in a variety of Chevrolet, Buick, GMC and Cadillac products. The facility currently employs 1,500 people.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
