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 Tuesday.
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 Tuesday.
Reuters reported in January that GM had opted not to move forward with building a fourth U.S. battery plant with LG Energy SolutionThe joint GM and Samsung SDI plant near New Carlisle, Indiana aims to have an annual production capacity of 30 gigawatt hours . The plant will produce high-nickel prismatic and cylindrical battery cells.
The U.S. Energy Department finalized a $2.5 billion loan to the GM-LG Energy Ultium Cells LLC joint venture late last year. The companies are building a $2.6 billion plant in Michigan, set to open in 2024 after opening a plant in Ohio and are building another in Tennessee.
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