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DETROIT/SEOUL, 15 June 2023: General Motors (GM) and Samsung SDI announced recently that they plan to invest more than USD 3bn to build a new battery cell manufacturing plant in the United States. The plant, which is expected to begin operations in 2026, will have an annual production capacity of 30 gigawatt hours (GWh).
The investment is part of GM’s plan to invest USD 27bn in electric vehicles (EVs) and battery technology by 2025. The company aims to launch 30 new EVs and sell one million EVs annually by 2025.
Battery cell manufacturing plant
The new plant will be GM’s third battery cell manufacturing plant in the United States. The company also has plants in Lordstown, Ohio, and a joint venture plant with LG Energy Solution in Spring Hill, Tennessee.
GM’s decision to partner with Samsung SDI is a sign that the company is committed to building a strong supply chain for its EVs. Samsung SDI is a leading battery maker with a strong track record of innovation.
The new plant will create thousands of jobs in construction and operations. It is also expected to boost the U.S. economy by attracting additional investment in the EV industry.
The investment by GM and Samsung SDI is a major milestone in the development of the US EV market. It is a sign that the industry is maturing and that there is strong demand for EVs. The plant will help GM to meet the growing demand for EVs and to become a leader in the global EV market.
Key benefits of the new plant:
- It will help GM to meet the growing demand for EVs.
- It will create thousands of jobs in construction and operations.
- It will boost the US economy by attracting additional investment in the EV industry.
- It will help GM to become a leader in the global EV market.
