DETROIT — General Motors plans to take a position greater than $1 billion in Mexico to provide electrical automobiles, the corporate introduced Thursday.  

The funding in its Ramos Arizpe manufacturing advanced is the primary main announcement by the automaker for EV manufacturing in Mexico following billions of dollars in confirmed investments within the U.S. and Canada. 

The power will start producing at the least one EV starting in 2023, GM mentioned. The corporate declined to debate what automobile or automobiles shall be produced there. The plant in addition to supporting amenities at present produce the Chevrolet Equinox and Chevrolet Blazer in addition to engines and transmissions.

The funding consists of new capability for battery packs and different digital parts equivalent to electrical motors, which is able to start through the second half of this yr. It additionally features a new paint store, which is scheduled to start operations in June, in line with a translated press launch from the corporate.

The Ramos Arizpe plant is anticipated to be GM’s fifth manufacturing website in North America to provide electrical automobiles following bulletins for 2 vegetation in Michigan and others in Tennessee and Ontario, Canada. 

GM is anticipated to proceed to construct or convert vegetation to EV amenities globally because it strikes to grow to be an automaker that completely presents electrical automobiles by 2035. That features at the least 30 new EVs by 2025 under a $27 billion funding plan in electrical and autonomous automobiles throughout that timeframe.