GM, Samsung SDI Plan $3 Billion U.S. Battery Cell Manufacturing Plant

By Colin Kellaher

General Motors Co. and Samsung SDI Co. on Tuesday said they plan to invest more than $3 billion to build a new battery cell manufacturing plant at an undisclosed U.S. location as part of the Detroit auto maker's electric vehicle push.

GM said the plan, slated to begin operations in 2026, will have more than 30 gigawatt hours of capacity, bringing GM's total U.S. battery cell capacity to about 160 gigawatt hours when it is at full production and helping to push its EV capacity in North America well above one million units a year.

GM and Samsung SDI said they will jointly operate the plant, which will have production lines to build nickel-rich prismatic and cylindrical cells, adding that they expect the number of new jobs in construction and operations at the plant to number in the thousands.

GM said it plans to continue to scale its supply chain and operations, including cell production and vehicle assembly, as customer demand for EVs rises.

Write to Colin Kellaher at [e-mail]

(END) Dow Jones Newswires

April 25, 2023 06:10 ET (10:10 GMT)

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