GM and Samsung SDI Investing $3 Billion in Indiana EV Battery Cell Plant
Indiana has been selected by General Motors and Samsung SDI as the location for their collaborative electric vehicle battery plant. Governor Eric Holcomb revealed that the $3 billion facility will be constructed in St. Joseph County and is set to commence operations in 2026. The plant, which aims to assist GM in meeting the growing demand for EVs, is anticipated to generate 1,700 fresh manufacturing positions in the state of Indiana.
The factory produces prismatic and cylindrical cells containing a lot of nickel. GM and Samsung SDI expect the completed plant to be “more than 30 GWh”. The automaker currently has five plants in Indiana, employing more than 5,700 people, and is now the second-largest electric car manufacturer in the U.S. behind Tesla. GM’s goal is to produce more than one million electric cars a year by 2025 and “accelerate from there,” completing the transition to electric-only cars by 2035.
GM and Samsung SDI announced the joint venture in April without naming the location. It follows GM’s three previous US plant partnerships with LG Energy Solutions, including a 900-employee plant in Warren, OH and future plants in Spring Hill, TN and Lansing, MI.
The companies plan to start construction within the next year and create more than 1,000 jobs during that time. “This joint venture and the 1,700 people there will help deliver cells to millions of all-electric vehicles for customers across North America,” said Mary Barra, GM chairman and CEO. “The strong support of local and state leaders in Indiana and the combined resources and expertise of GM and Samsung SDI will help us move faster than we could on our own.”
