LOCKPORT, NY (AP) — General Motors says it will spend about $154 million to revamp an aging factory near Buffalo, New York, so it can be a key component for electric vehicle motors.
The automaker says it will add about 230 jobs at the Lockport plant, about 30 miles northeast of Buffalo, to build stator modules, the part that creates a magnetic field to spin the engine. The part will go into the engines of new electric trucks and SUVs.
In addition to the renovation, the money will go towards the purchase and installation of the equipment needed to manufacture the new part.
Currently, the Lockport plant has approximately 1,500 workers making radiators, condensers, heater cores, oil coolers and other parts for internal combustion engines in trucks and SUVs. The new positions would be filled between 2023 and 2026, the company said in a statement.
GM says plant renovations will begin immediately. The factory built in 1910 will continue to manufacture combustion engine parts.
GM has set a goal of selling only electric passenger vehicles by 2035. It plans to spend $35 billion to deploy more than 30 new battery-powered vehicles globally by 2025, aiming to reverse Tesla as the leader in electric vehicle sales.
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