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GM’s $6.5 Billion EV Truck Blitz Wins Michigan Incentives

  • $1.8 billion package offered to keep automaker in home state
  • GM will have capacity to make 1 million EVs in U.S. by 2025
The General Motors Orion Assembly plant in Orion Township, Michigan.
The General Motors Orion Assembly plant in Orion Township, Michigan.Photographer: Jeff Kowalsky/Bloomberg
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General Motors Co. plans to spend $6.5 billion on an electric pickup plant and battery factory in Michigan thanks in part to a $1.8 billion incentive package put together by the state to make sure the automaker didn’t take a big piece of its EV business elsewhere.

The automaker’s investment and the subsidy package were disclosed Tuesday by state and local economic development authorities. There’s a race among states to woo automakers and technology companies for battery and EV plants, semiconductor manufacturing and other high-tech business expansion.