INSIDER
Magna announces $70 million EV battery facility for Michigan
Read full article: Magna announces $70 million EV battery facility for MichiganMagna International is breaking ground on a $70 million manufacturing facility in St. Clair, Mich. where it plans to build complex battery enclosures for the all-new 2022 GMC Hummer EV. This investment is expected to create 304 jobs in St. Clair over the next five years. AdIn St. Clair, Magna said it plans to construct a 345,000-square-foot facility with the ability to support an expansion of up to 1,000,000 square feet. AdMeanwhile, it was announced earlier this year that the Hummer EV would be built under the GMC brand name at GM’s “Factory Zero” facility at the Detroit-Hamtramck assembly plant. That was announced right after GM said it would invest more than $2 billion in Detroit to manufacture electric vehicles.