Samsung, General Motors join forces for US EV battery production

Samsung will build a giant EV battery factory by investing $3.5 billion in the US. Samsung SDI and General Motors agreed to build a factory for EV batteries. The plant will focus on battery development for future EVs from GM.

According to KEDGlobal, Samsung and General Motors are building a $3.5 billion EV battery fab in the US. The facility will focus on producing nickel, cobalt, and aluminum batteries for GM’s future electronic vehicles.

Both companies plan to start operating this battery production unit by 2027. The initial annual production capacity will likely be 2 GWh, which is expected to rise to up to 36 GWh with their additional expansion plans.

“Building on last year’s partnership with GM, the No. 1 automaker in North America, we have established a premium battery production hub to lead the U.S. EV market,” said Samsung SDI CEO Choi Yoon-ho.

Samsung SDI will invest around 2.3 trillion won ($1.7 billion), securing a 50.01% stake in the joint venture. The company’s prismatic batteries have key upsides, including improved travel range and safety, with a metal exterior and venting system.

The EV battery factory will be located in New Carlisle, Indiana, on a 2.77 square-kilometer site. In particular, the new battery fab in the US will help Samsung SDI gain a stronger foothold in the North American EV market.