and build a third plant in the United States. The $2.6 billion plant in Lansing, Michigan, will manufacture batteries for GM’s electric vehicles.

Ultium Cells, a joint venture between the companies, plans to create 1,700 manufacturing jobs at the plant, which is expected to open in late 2024. At full production, Ultium expects the plant to have a cell capacity of 50 gigawatt-hour battery, and it will be able to keep up with advances in materials and technology. Construction is underway at Ultium’s other battery manufacturing sites in Tennessee and Ohio.

Ultium’s cells can be inside the batteries, allowing GM to customize the layout for each vehicle design. Energy options range from 50 kWh to 200 kWh. GM claims the Ultium system can deliver a range of 450 miles or more on a single charge and accelerate from zero to 60MPH in three seconds. The company is designing Ultium-powered electric vehicles with fast charging in mind – most of them will have 400-volt batteries and fast charging up to 200kW. Electric trucks, meanwhile, will have 800-volt packs with 350kW charging.

The Ultium plant is part of a new GM plant (the company’s biggest expense yet) at four Michigan sites. The automaker is spending $4 billion to convert a plant in Orion Township, which will become its second U.S. manufacturing site for the Chevrolet Silverado EV and electric GMC Sierra.

Conversion work is underway, and GM plans to start manufacturing the factory’s electric trucks in 2024. It plans to retain about 1,000 current jobs and add more than 2,350. Production of the Chevrolet Bolt EV and EUV will continue during the transition. The company plans to convert half of its North American assembly capacity to electric vehicle production by 2030.

GM aims to manufacture more than one million electric vehicles in the United States per year by the end of 2025, and today’s investment announcement is a key part of that. The company is also spending more than $510 million to ramp up production at two Lansing-area sites, one of which is building the next-generation Chevrolet Traverse and Buick Enclave.