General Motors and Samsung SDI invest $3 billion to build new battery cell manufacturing plant
April 25, 2023
The $3 billion project, which is expected to be operational in 2026, will have more than 30 GWh of capacity.
General Motors and Samsung SDI plan to open a new battery cell manufacturing plant in the United States. The $3 billion project, which is expected to be operational in 2026, will have more than 30 GWh of capacity. The plant, which will be run by both companies, will produce build nickel-rich prismatic and cylindrical cells.
In a recent quote, GM Chair and CEO Mary Barra said, “GM’s supply chain strategy for EVs is focused on scalability, resiliency, sustainability and cost-competitiveness. Our new relationship with Samsung SDI will help us achieve all these objectives. The cells we will build together will help us scale our EV capacity in North America well beyond 1 million units annually.”
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