General Motors will soon open a factory worth $246 million in the United States, for the purpose of building electric motors for a hybrid vehicle platform – this is set to happen in about three years, and will certainly improve the company’s ability to deal with electric-based needs in their motors.
The company is expected to announce the exact location of the plant later during the week, with part of the funding for it coming from a $105 million grant from the Department of Energy – this was revealed in an announcement by company officials made on Monday.
This makes General Motors the first US-based automobile maker which designs and builds its own motors. The decision to make at least some of its own motors came from the realization that electric technology is vital for the future of the company as the industry gears more and more towards electrification. GM’s vice president of global product operations, Tom Stephens, predicts electric motors to hold the importance that gasoline-based ones do today.
[ Via CNET ]