In response to Governor Eric Holcomb of Indiana, GM is constructing a brand new $3 billion EV battery plant within the state in a brand new three way partnership with Samsung SDI. The ability shall be its fourth battery plant within the US.
Common Motors already has plans for 3 EV battery factories by means of a three way partnership partnership with LG Vitality known as Ultium Cells.
Its first, a 2.8 million sq. ft facility in Warren, Ohio, started producing batteries for the Hummer EV and Cadillac Lyriq final September. GM expanded its partnership, saying plans for a second equally sized facility in Spring Hill, Tennessee, subsequent door to the place the Lyriq is constructed.
Manufacturing on the second battery plant is scheduled for later this yr creating 1,300 new jobs. The third facility, in Lansing, Michigan, is slated to start manufacturing in late 2024 with an annual capability of fifty GWh.
The partnership expects to have over 130 GWh of EV battery cell capability when all vegetation are at full capability.
Though GM and LG had been contemplating a fourth battery plant location in Indiana, folks conversant in the matter mentioned talks between the 2 had been on maintain “indefinitely” in January after failing to maneuver ahead on negotiations.
GM declined to remark however defined, “We’ve been very clear that our plan contains investing in a fourth U.S. cell plant,” suggesting it may very well be with one other companion.
GM faucets Samsung for fourth EV battery manufacturing unit
Governor Holcomb introduced the information on his Twitter, saying:
Comfortable to announce a three way partnership between two landmark corporations that shall be based mostly right here in Indiana. Common Motors and Samsung SDI will convey a greater than $3 BILLION EV battery cell plant to St. Joseph County, creating 1,700 manufacturing jobs beginning in 2026!
The brand new plant will produce nickel-rich prismatic and cylindrical cells and is anticipated to assist “considerably enhance the accessibility and affordability of EVs.” As soon as full, the plant is anticipated to have over 30 GWh capability, bringing GMs complete to over 160 GWh.
GM’s CEO Mary Barra commented on the brand new partnership, saying:
This three way partnership and the 1,700 folks there’ll assist provide cells for thousands and thousands of all-electric autos for patrons throughout North America. The robust help of native and state leaders in Indiana and the mixed sources and experience of GM and Samsung SDI will assist us transfer sooner than we might on our personal.
Development on GMs fourth EV battery plant is ready to start inside the subsequent yr, supporting over 1,000 new jobs in the course of the construct, and is scheduled to begin operations in 2026.
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