DETROIT — General Motors on Tuesday said it will spend $2 billion to renovate its assembly plant in Spring Hill, Tenn., for electric vehicle production, starting with the Cadillac Lyriq in 2022.
GM also announced more than $150 million in investments in five Michigan plants related to production of the GMC Acadia, heavy-duty pickups, 10-speed transmissions and autonomous test vehicles.
Shares in GM closed Tuesday's trading up 6.8 percent to $35.60.
Spring Hill will become GM's third EV plant. It will continue building the gasoline-powered Cadillac XT5 and XT6, but production of the Acadia will move to Lansing, Mich.
The $2 billion investment will expand the Tennessee plant's paint and body shops and comprehensive upgrades for general assembly, such as new machines, conveyors, controls and tooling. The renovation will begin immediately, GM said. Spring Hill is GM's largest plant in North America.
GM's Lansing Delta Township plant will get $1…