Samsung SDI and General Motors jointly build battery factory to accelerate the development of electric vehicles

News on June 14, according to Digital Times reported that Samsung SDI, a battery and electronic materials manufacturing subsidiary of Samsung, has reached an important cooperation agreement with General Motors of the United States. The two parties decided to jointly build a new battery factory in New Carlisle, Indiana, USA.

The joint venture factory covers an area of ​​approximately 2.65 million square meters, equivalent to the area of ​​390 standard football fields, which is confirmed by Samsung SDI. It is expected that after the completion of the production facilities, it will create about 1,700 local jobs and have a positive impact on economic development.

It is understood by the editor that Samsung SDI and General Motors had announced this investment plan as early as April this year. The two parties will cooperate to invest more than 3 billion US dollars to build a factory with an annual production capacity of more than 30GWh batteries, and plan to achieve large-scale production in 2026. General Motors Chairman and CEO Mary Barra said that this cooperation will help General Motors increase its annual electric vehicle production capacity in North America to more than 1 million vehicles and further promote the development of the electric vehicle industry.

In addition, Samsung SDI also announced that it will cooperate with Stellantis, the world’s fourth largest vehicle manufacturer, to establish a joint venture battery factory in the same state of Indiana in the United States. The plant is expected to be put into operation in 2025, with an annual production capacity of 23GWh. This cooperation will further strengthen Samsung SDI’s market position in the field of electric vehicles and help Stratis achieve greater success in its electrification strategy.

Samsung SDI will expand its battery manufacturing operations in the U.S. market based on close cooperation with its partners General Motors and Stratis. This will not only help cope with the growing demand for electric vehicles, but also provide new impetus for Samsung SDI’s competitive position in the global electric vehicle industry.

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