Samsung SDI and GM Announce $3 Billion Investment to Expand EV Battery Plant in the USA

In the eastern US state of Indiana, General Motors(GM) and Samsung SDI are constructing a $3 billion electric vehicle (EV) battery cell factory. General Motors’ fourth electric-vehicle battery cell plant will be built in New Carlisle, Indiana, according to the statement by Governor Eric Holcomb. Construction on this facility will start this year, and production operations are scheduled for 2026. The firms announced the project in April, but the site wasn’t revealed until June 13th.

The facility will produce prismatic and cylindrical cells that are rich in nickel and have a capacity of more than 30 gigawatt-hours. Recently the source power technology released the statement of CEO Mary Barra and GM Chairperson,” GM’s supply chain strategy for EVs is focused on scalability, resiliency, sustainability and cost-competitiveness. Our new relationship with Samsung SDI will help us achieve all these objectives. The cells we will build together will help us scale our EV capacity in North America well beyond one million units annually.”

Samsung probably improved the software policy on updates

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This plant will create 1,700 manufacturing jobs, according to the Governor of Indiana, Eric Holamb statement. GM has five battery cell plants in Indiana with more than 5,700 employees. The project is GM’s fourth joint venture battery cell factory in the US. Three others are being developed with South Korea’s LG Energy Solutions; a 900-worker factory in Ohio has already begun building cells, while the other two in Tennessee and Michigan are still under development.

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GM plans to sell only EVs by 2035, and the US Government has set a target for 50% of car sales to be electric by 2030. EV sales are predicted to increase by 35% in 2023, according to the IEA(International Energy Agency), and makeup 18% of all car sales. If the current state of EV adoption and battery manufacture continues, a 2030 net-zero scenario will be successfully met. Nickel demand is set to increase by between 60% and 70%, in line with net-zero goals by 2050.