According to a recent release, General Motors and Samsung SDI are set to build an Electric Vehicle (EV) battery cell plant in Indiana that will cost more than $3 billion and is expected to create 1,700 jobs. According to the June 13 statement from the Indiana governor, the plan is scheduled to begin operations in 2026.
The joint GM and Samsung SDI plant will be near New Carlisle, Indiana, and the companies said they aim to have an annual production capacity of 30 gigawatt hours (GWh). The plant reportedly will produce high-nickel prismatic and cylindrical battery cells.
“Securing Indiana as a strong foothold together with GM, Samsung SDI will supply products featuring the highest level of safety and quality in a bid to help the U.S. move forward to an era of electric vehicles,” said Yoonho Choi, CEO, Samsung SDI, in a statement.
In Michigan, GM is building a $2.6 billion plant that’s set to open in 2024 in partnership with LG Energy Ultium Cells. The U.S. Energy Department finalized a $2.5 billion loan to the joint venture in 2022. These partners are also opening a plant in Ohio and are building another in Tennessee.
According to the release, all of this EV battery manufacturing infrastructure is going to fuel GM’s plans to build 400,000 electric vehicles (EVs) in North America from 2022 through mid-2024 and increase capacity to 1 million units annually in North America in 2025. Reuters reported earlier this year that GM might be building even more EV plants in order to meet its growing demand.
There are several automakers that have pledged to migrate their product lines, in whole or in part, to EVs, and one of the major limiting factors is the availability and efficiency of EV battery tech to power all these vehicles. Plants like the ones planned here are going to pave the way to the cleaner future that these EV-committed manufacturers have outlined.
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