Samsung SDI, GM to build $3.5 billion battery plant in Indiana

Samsung SDI CEO Choi Yoon-ho, right, takes a photo with General Motors CEO Mary Barra after the two first signed a memorandum of understanding on a joint U.S. battery plant in March last year. [SAMSUNG SDI]

 
Samsung SDI and General Motors will jointly invest $3.5 billion to build a battery plant in Indiana, despite the global slowdown in EV sales.
 
The plant, to be located in New Carlisle, Indiana, will have an initial production capacity of 27 gigawatt-hours, sufficient to manufacture 350,000 EVs. The annual capacity is ultimately expected to increase to 36 gigawatt-hours.
 
Mass production is slated to begin in 2027.
 
The joint battery plant is expected to create approximately 1,600 new jobs. 
 

Related Article

• Samsung SDI, GM to build $3 billion battery plant in Indiana

• Samsung SDI, GM's battery plant likely be built in Indiana

• EV-phobia: A potential nightmare for Korean battery makers

BY SARAH CHEA [chea.sarah@joongang.co.kr]