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GM and Samsung SDI Joint venture: Boosting EV manufacturing in Indiana

What To Know

  • This factory, aimed at supporting General Motors’s growing demand for EVs, is anticipated to create 1,700 new manufacturing positions in the state of Indiana.
  • This collaboration builds upon General Motor’s previous partnerships with LG Energy Solution, which includes a plant in Warren, Ohio employing 900 workers, as well as upcoming facilities in Spring Hill, Tennessee, and Lansing, Michigan.
  • Mary Barra, GM’s Chair and CEO, emphasized that this collaboration with Samsung SDI and the 1,700 employees at the plant will contribute to the supply of cells for millions of all-electric vehicles across North America.
  • Barra expressed gratitude for the support received from local and state leaders in Indiana, highlighting that the combined resources and expertise of GM and Samsung SDI will accelerate their progress compared to working independently.

GM and Samsung SDI have selected Indiana as the location for their joint electric vehicle (EV) battery plant. Governor Eric Holcomb announced that the companies will construct the $3 billion facility in St. Joseph County, with plans to commence operations in 2026. This factory, aimed at supporting General Motors’s growing demand for EVs, is anticipated to create 1,700 new manufacturing positions in the state of Indiana.

The forthcoming plant will specialize in the production of nickel-rich prismatic and cylindrical cells for electric vehicle batteries. GM and Samsung SDI project that the facility will have a capacity exceeding 30 GWh (gigawatt-hours). In addition to this joint venture, General Motors already operates five manufacturing plants in Indiana, employing over 5,700 individuals.

GM and Samsung SDI Choose Indiana for $3 Billion Joint EV Battery Plant

The automaker currently ranks as the second-largest electric vehicle manufacturer in the United States, trailing behind Tesla. With ambitions to produce over one million EVs annually by 2025, GM plans to further accelerate its electric vehicle production and transition to an all-electric vehicle lineup by 2035.

In April, GM and Samsung SDI announced their joint venture without disclosing the specific location of the new facility. This collaboration builds upon General Motor’s previous partnerships with LG Energy Solution, which includes a plant in Warren, Ohio employing 900 workers, as well as upcoming facilities in Spring Hill, Tennessee, and Lansing, Michigan.

The construction of the joint venture facility is set to commence within the next year, generating over 1,000 jobs during that period. Mary Barra, GM’s Chair and CEO, emphasized that this collaboration with Samsung SDI and the 1,700 employees at the plant will contribute to the supply of cells for millions of all-electric vehicles across North America.

Barra expressed gratitude for the support received from local and state leaders in Indiana, highlighting that the combined resources and expertise of GM and Samsung SDI will accelerate their progress compared to working independently.

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GM and Samsung SDI Choose Indiana for $3 Billion Joint EV Battery Plant

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