The funding package includes grants and loans focused on the transition to electric vehicles and maintaining a strong and well-paid workforce.
The initiative, which began in 2019, focuses on demonstrating the efficiency and viability of electric vehicle transportation in rural communities.
"GM Energy's growing ecosystem of energy management solutions will help accelerate GM's vision of an all-electric future by further expanding access to even more benefits that EVs can offer," says Wade Sheffer, VP of GM Energy.
EVs, on the other hand, can provide more stable and cost-effective operational solutions as electricity prices tend to be less volatile than fuel prices.
Wireless EV charging is also gaining momentum, with several manufacturers integrating this technology into their vehicles.
Amazon plans to have 100,000 electric delivery vehicles custom-built by Rivian on the road globally by 2030.
The EV charging sites will also contribute to the state's grid resilience.
The loan is the biggest ever from a federal program and will go toward facilities in Tennessee and Kentucky.
The company will standardize modules and parts, leading to cost reductions and simplifying EV development.
Mobility Support intends to provide useful solutions to the current infrastructure shortage while giving businesses an added way to keep customers onsite.
The integration of self-learning machines, autonomous transport systems, and real-time big data management enhances production processes' efficiency and ensures continuous improvement and high quality.
Once the faculty is operational it is expected to have an annual production capacity of 6-gigawatt hours of battery cells.