The venture will invest about $3.5 billion to build a battery cell manufacturing plant in New Carlisle, Indiana, with an initial annual production capacity of 27 gigawatt-hours.
The plant is targeting mass production in 2027 and is expected to create over 1,600 jobs.
The facility will produce nickel-rich SDI prismatic batteries with high energy densities for GM's future electric vehicles.
"Samsung SDI will make best efforts to support GM enhance its leadership in the EV market with the company's PRiMX battery products featuring 'Super Gap' technology," said Samsung SDI CEO Choi Yoon-ho.
“The Samsung SDI joint venture is the latest example of GM’s commitment to driving innovation in America,” said GM Chair and CEO Mary Barra. “The EV market and GM sales will continue to grow as more customers experience our EVs, the charging infrastructure builds out and we expand into more segments.”
The Korean battery manufacturer and the U.S. automotive giant signed a memorandum of understanding for the joint venture in March 2023.
The companies said they will continue to expand their strategic partnership in response to the growing EV market.
Copyright ⓒ Aju Press All rights reserved.
