General Motors and Samsung SDI have revealed all new plans to invest $3bn to create a joint venture to manufacture battery cells for electric vehicles in the US.
The all-new U.S EV battery plant is expected to begin mass production in 2026 and will have an annual production capcity of over 30 gigawatt hours.
At its full production, the plant is expected to bring GM’s total US battery cell capacity to nearly 160GWh.
Samsung SDI president and CEO Yoon-ho Choi said: “It is a great pleasure to take the very first step to create a long-term industry-leading partnership with GM in the US EV market. We will do our best to provide the products featuring the highest levels of safety and quality produced with our unrivalled technologies to help GM strengthen its leadership in the EV market.”
GM and Samsung SDI plan to jointly operate the battery manufacturing facility. The EV battery cell plant is expected to have production lines to manufacture nickel-rich prismatic and cylindrical cells which will only be supplied for GM’s upcoming EVs.