General Motors announced more than a $1 billion investment in the Ramos Arizpe Manufacturing Complex in Mexico, where it currently produces Chevrolet Blazer and Equinox, as well as engines and transmissions.

The plan is to expand the plant to start the production of electric cars in 2023 (on top of existing conventional models).

The 40-year-old Ramos Arizpe plant has 5,600 employees. It will be a great opportunity to upgrade the existing infrastructure at the site.