Samsung SDI and General Motors agree to a $3.5B deal for a joint EV battery factory in Indiana, with an initial 27GWh capacity.

Samsung SDI and General Motors announced a $3.5 billion deal to construct a joint electric vehicle (EV) battery factory in Indiana, US. The companies will invest in a new battery cell manufacturing facility with an initial annual production capacity of 27 gigawatt hours. The partnership aims to support the growing demand for electric vehicles in the US market, with plans for mass production in 2027 and a potential expansion to 36 GWh under future plans.

August 27, 2024
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