GM and Samsung to jointly build a $3 Billion EV battery plant

Samsung SDI – one of the largest battery manufacturers in the world is constructing a major EV battery facility in the United States in collaboration with General Motors.

EV Battery plant
Representational Image

Work on the forthcoming electric vehicle battery facility is expected to wrap up in 2026. There will be about 1,000 employees along with additional 700 people needed to run the operations. The nickel-rich prism and cylindrical cells it produces will drive future General Motors electric vehicles. The firms have claimed that the forthcoming electric vehicle battery factory would be capable of producing more than 30GWh of energy.

The announcement of this EV battery facility was made in April of 2023, albeit its precise location was not known at the time. Three of GM’s earlier electric vehicle (EV) battery factories in the United States were co-developed with LG Energy Solution. Just recently, General Motors made public its intention to adopt Tesla’s rapid EV charging standard. Together with Stellantis, Samsung SDI is constructing a second US battery facility for electric vehicles.

More than 5,700 people are currently employed in GM’s five Indiana operations. The automaker is intending to produce over a million EVs yearly by 2025 thus making it the second largest EV manufacturer in the US only behind Tesla. The corporation has set a goal of selling only electric automobiles by the year 2035.

Governor Eric Holcomb of Indiana made the announcement today that the firms have decided to construct a joint EV battery plant in St. Joseph County in his state.
Together with General Motors, Samsung SDI is constructing a battery factory for electric vehicles in Indiana, USA.

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