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GM, Samsung SDI to Build $3B EV Battery Plant
General Motors and Samsung SDI are investing $3 billion to build an EV battery cell manufacturing plant in St. Joseph County, Indiana. The project will be Samsung SDI’s second battery manufacturing plant in the U.S. and its first joint venture with GM.
The plant will serve to supply GM’s expanding electric vehicle production needs and will be located on a 28.5-million-square-foot site in New Carlisle. The anticipated annual production capacity of the plant is 30 gigawatt-hours, which could be used to manufacture 300,000 EVs.
The project is expected to begin within the next year and will create 1,000 jobs during construction. There will be about 1,700 manufacturing jobs when operations begin. GM already has a substantial presence in Indiana, with five facilities across the state that employ more than 5,700 workers. The company recently announced plans to invest $632 million to expand its Fort Wayne assembly plant operations and upgrade equipment.
