According to the WSJ, the automaker is finalizing plans for at least two projects for the production of electric vehicles.

The American automobile corporation General Motors plans to invest more than $3 billion in the production of electric-powered cars in the state of Michigan. This was reported by The Wall Street Journal on Friday.

According to its sources, the automaker is finalizing plans for at least two projects for the production of electric vehicles. One of them involves the transformation of an assembly plant in the suburbs of Detroit into a center for the creation of electric pickups. As noted, such reconstruction will cost the company at least $2 billion.

In addition, General Motors intends to build a factory for the manufacture of battery parts next to its facility in Lansing. According to the newspaper’s sources, this project is being implemented jointly with LG Energy Solution.

Currently, representatives of the corporation are coordinating with the local authorities the necessary administrative nuances, including tax issues. At the same time, the sources of The Wall Street Journal emphasize that these plans may still undergo changes or be canceled.