General Motors‘ Changwon plant in South Korea, south of the capital Seoul, will enhance the U.S. automaker’s capability within the nation to half one million vehicles a yr as soon as an improve is full, executives mentioned Wednesday.
The Changwon facility, which can construct GM’s so-called next-generation autos together with an all-new Chevrolet crossover, is at present being reworked and expanded as a part of a plan that kicked off final yr. GM has invested round 900 billion received ($632 million) within the improve to this point, together with building of latest press and paint outlets, GM Korea CEO Roberto Rempel mentioned at an occasion to mark the plant’s twentieth anniversary.
The next-generation world autos that might be made at Changwon are anticipated “to follow the Chevrolet Trailblazer in enjoying great success,” Rempel mentioned. That mannequin is at present produced at GM’s older plant in Bupyeong. “We will also be supporting Korea to accelerate its transition to electric vehicles by introducing 10 EVs by 2025.”
Once the improve is completed, Changwon will have the ability to make as much as 60 vehicles an hour. Mass manufacturing is predicted to begin within the first quarter of 2023. GM exports a lot of its hot-selling Korean-made Trailblazers to the U.S. Rempel mentioned GM has no plans to fabricate electrical vehicles in Korea.
GM Korea’s CFO Amy Martin mentioned the automaker’s South Korea operations ought to be worthwhile subsequent yr. GM Korea has made a loss yearly since 2014, firm filings present.
Source: www.autonews.com