Samsung SDI inks deal with GM for USD 3.5 billion EV battery factory in US: Report
The joint plant is targeting mass production in 2027 and the annual capacity is slated to increase to 36 GWh.
By Autocar Professional Bureau
3088 Views
Samsung SDI said it has inked a transaction with General Motors to jointly establish an EV factory in Indiana, United States, Reuters reported.
Both the firms will collectively invest USD 3.5 billion for a battery cell manufacturing plant with an initial annual production capacity of 26 GWh, SDI noted in a statement.
The joint plant is targeting mass production in 2027 and the annual capacity is slated to increase to 36 GWh, Reuters reported.
Kurt Kelty, GM vice president of battery cell and pack said that it would have the "capability to expand up to 36 GWh, building prismatic cells, which will be added to our battery technology portfolio, helping us to continue to increase performance and lower costs in the future," Reuters noted.
RELATED ARTICLES
Autoliv Plans JV for Advanced Safety Electronics With China’s HSAE
Ajit Dalvi
11 Oct 2025
The new joint venture, which is to be located strategically near Shanghai and close to several existing Autoliv sites in...
JLR to Restart Production Over a Month After September Hacking
Ajit Dalvi
07 Oct 2025
Manufacturing operations at the Tata Group-owned British luxury car and SUV manufacturer were shut down following a cybe...
BYD UK Sales Jump 880% in September to 11,271 units
Ajit Dalvi
07 Oct 2025
Sales record sets the UK apart as the largest international market for BYD outside of China for the first time. The Seal...
