GM, Samsung partner on $3B EV battery facility in Indiana.
General Motors and Samsung SDI will build an EV battery cell plant in St. Joseph County, Indiana, the state’s governor announced.
The new facility will begin operations in 2026 while creating 1,700 manufacturing jobs.
Eric Holcomb, Indiana Gov. said:
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GM has long been one of America’s most iconic brands and deeply rooted in Indiana.
“For decades, Hoosier communities like Marion, Bedford and Fort Wayne have been part of the production of countless firsts for family vehicles,” he added. “I couldn’t be more excited to again see GM alongside one of Indiana’s newest world-class companies, Samsung SDI, take this giant leap and make this $3 billion commitment that will transform the automotive industry aided by our proud Hoosier workforce.”
Barra, GM Chair and CEO said:
GM’s supply chain strategy for EVs is focused on scalability, resiliency, sustainability and cost-competitiveness.
“Our new relationship with Samsung SDI will help us achieve all these objectives,” she said. “The cells we will build together will help us scale our EV capacity in North America well beyond 1 million units annually.”
Both GM and Samsung said they will operate the facility together to build nickel-rich prismatic and cylindrical cells.
Yoon-ho Choi, Samsung SDI President and CEO said:
We will do our best to provide the products featuring the highest levels of safety and quality produced with our unrivaled technologies to help GM strengthen its leadership in the EV market.
“It is a great pleasure to take the very first step to create a long-term industry-leading partnership with GM in the U.S. EV market.”
Construction is planned to begin within the next year and support more than 1,000 jobs during the build.
GM, Samsung partner on $3B EV battery facility in Indiana, June 13, 2023
