General Motors, Samsung SDI Plan To Build EV Battery Plant Worth $3B In Indiana: Report
Portfolio Pulse from Nabaparna Bhattacharya
General Motors and Samsung SDI plan to build a $3 billion electric vehicle battery cell plant in Indiana, with a 30GWh annual capacity. The joint venture aims to start mass production in 2026, creating 1,700 jobs.
June 13, 2023 | 3:08 pm
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General Motors partners with Samsung SDI to build a $3 billion EV battery plant in Indiana, boosting its EV capacity in North America.
The joint venture will help General Motors scale its EV capacity in North America, which is crucial for the company's growth in the electric vehicle market. The partnership with Samsung SDI will provide high-performing batteries for GM's upcoming electric vehicles, making it more competitive in the industry.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Samsung SDI partners with General Motors to build a $3 billion EV battery plant in Indiana, strengthening its foothold in the US market.
The joint venture with General Motors will help Samsung SDI secure a strong foothold in the US market, as it will supply high-quality batteries for GM's upcoming electric vehicles. This partnership will also contribute to the growth of Samsung SDI in the electric vehicle battery industry.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100