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GM’s $6.5 Billion EV Truck Blitz Wins Michigan Incentives (1)

Jan. 25, 2022, 4:27 PM

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.

Economic development staff in Michigan wanted to make sure the state remains a ...

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