The automaker and a supplier will spend $11.4 billion on three battery factories and a truck plant, creating 11,000 jobs.
The president wants half of the vehicles sold in the United States to be electric by 2030, hoping to phase out gasoline-powered engines that contribute to climate change.
The president wants to use pollution rules to rapidly lift sales, but there are hurdles ahead.
The president is hoping to make electric vehicles more affordable to turn a niche product into one with mass appeal.