General Motors and Samsung SDI have announced plans to invest more than $3 billion in a new battery cell manufacturing plant in the US, with operations expected to commence in 2026. The plant will have a capacity of over 30 GWh and will be jointly operated by the companies to produce nickel-rich prismatic and cylindrical cells, allowing GM to scale up EV production in North America beyond one million units annually. The joint venture will leverage the capital and technology of both companies to create new competitive advantages for GM, expand into new segments, and reduce weight, complexity, and costs. The location of the plant and employment projections have not been disclosed, but it is expected to create thousands of new jobs in construction and operations as customer demand for EVs rises.
resource: https://esgnews.com/gm-and-samsung-sdi-plan-to-invest-more-than-3-billion-to-expand-u-s-battery-cell-manufacturing/