GM, Samsung To Build $3-B Battery Plant In Indiana

General Motors and Samsung SDI will build a more than $3 billion EV battery cell plant in Indiana scheduled to begin operations in 2026, creating 1,700 jobs, the state's governor said, David Shepardson reported for Reuters.

Photo Insert: The joint GM and Samsung SDI plant near New Carlisle, Indiana aims to have an annual production capacity of 30 gigawatt hours (GWh).

The companies said in April they would invest more than $3 billion to build a joint venture EV battery manufacturing plant in the US but did not name a location.

Reuters reported in January that GM had opted not to move forward with building a fourth US battery plant with LG Energy Solution in Indiana, but said GM could still pick Indiana for a battery plant with another partner.

The joint GM and Samsung SDI plant near New Carlisle, Indiana aims to have an annual production capacity of 30 gigawatt hours (GWh). The plant will produce high-nickel prismatic and cylindrical battery cells.

Samsung SDI CEO Yoonho Choi said in a statement "securing Indiana as a strong foothold together with GM, Samsung SDI will supply products featuring the highest level of safety and quality in a bid to help the U.S. move forward to an era of electric vehicles."

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