According to an upcoming meeting agenda for the Concord, North Carolina City Council, the incoming Cadillac Formula 1 team is hoping to construct a factory in the city to house their power unit program.
Cadillac F1 is set to join the grid next season as the 11th team. While the team will begin as a customer operation, using Ferrari power units next year, ultimately, Cadillac will be a works operation with its own power unit program.
Now, the team is looking to bring that operation to Concord, North Carolina.
The Concord City Council’s next meeting is scheduled for Thursday, February 13. In advance of that meeting, the City Council posted both a meeting agenda, as well as a meeting packet, for review. One of the items on the meeting agenda is the potential for the City Council to “offer incentives to stimulate private sector expansion of new facilities.”
One such potential expansion is a Cadillac F1 factory.
“Motorsport IP Acquisition Co, I, LLC proposes to develop a site to support the development of the power unit (engine) for the Cadillac F1 vehicle. This project aims to design and test a state-of-the-art engine capable of meeting Formula 1’s rigorous performance and efficiency standards. With an ambitious timeline, the goal is to have the engine ready for integration into a vehicle by 2028, ensuring Cadillac’s competitive debut in Formula 1. It is anticipated that construction would commence in the First Quarter of 2025, with occupancy in the First Quarter of 2027.”
Earlier this year the Cadillac F1 operation announced the formation of GM Performance Power Units LLC, which will be the branch of the company developing F1 power units. At the time of that announcement, reporting indicated that Cadillac was looking to house that part of its operation in North Carolina, near GM’s Charlotte Technical Center.
As stated in the agenda for Thursday’s meeting of the Concord City Council, it is believed that the power unit factory would bring “300 to 350 highly skilled employees in manufacturing, engineering, and
research and development with an average wage of $100,000 to $125,000 per year” to the area.
This news is just the latest development as Cadillac ramps up ahead of joining the F1 grid next season. Speculation still swirls around the sport regarding the two drivers Cadillac may sign for next season, with Colton Herta one of many drivers linked with the new team.
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