August 28, 2024 – Seoul, South Korea: In a landmark agreement, representatives from Samsung SDI and General Motors have officially inked a deal to establish a joint venture electric vehicle (EV) battery manufacturing facility in New Carlisle, Indiana, United States. This collaborative endeavor marks a significant step forward in the global EV battery landscape.
The total investment for this joint project stands at approximately USD 3.5 billion, with the plant sprawling across a vast 680 acres (equivalent to roughly 275.4 hectares), poised to create over 1,600 job opportunities for the local community.
The facility will specialize in the production of NCA (Nickel Cobalt Aluminum) ternary high-performance nickel-rich prismatic batteries, targeting mass production by 2027. Initially, the plant will boast an annual capacity of 27GWh, with expansion plans in place to elevate this figure to a total of 36GWh in the future. These batteries are anticipated to power upcoming EV models from General Motors’ portfolio.
“Building upon our successful partnership with North America’s premier automotive manufacturer, General Motors, we are establishing a premium battery production hub that will spearhead the EV market in the United States,” stated Choi Woon-ho, President and CEO of Samsung SDI. “Samsung SDI is committed to leveraging our cutting-edge PRiMX battery technology, featuring ‘Super Gap’ innovation, to bolster General Motors’ leadership position in the EV sector.”
Echoing this sentiment, Mary Barra, Chairman and CEO of General Motors, remarked, “Our joint venture with Samsung SDI represents the latest chapter in GM’s commitment to driving innovation in the United States. As more customers embrace our EV offerings, coupled with the expansion of charging infrastructure and our foray into new market segments, the EV landscape and GM’s sales figures are poised for continued growth.”
This collaboration underscores the growing importance of strategic partnerships in the EV supply chain, as both companies strive to meet the escalating global demand for sustainable transportation solutions.
