Gaishi Automobile News On August 28, South Korean battery manufacturer Samsung SDI announced that it has signed an agreement with General Motors to jointly establish a joint venture factory to supply electric vehicle batteries to the U.S. market.
Photo source: Samsung SDI, the signing ceremony for the joint venture factory of the two parties for electric vehicle batteries was held at Samsung SDI’s office in Seoul.
Yoon-ho Choi, CEO of Samsung SDI, and other key executives from both parties attended the ceremony.
, Through this cooperation, Samsung SDI and General Motors will jointly invest approximately US$3.
5 billion to build a new battery manufacturing plant.
The joint venture plant will be located in New Carlisle, Ind.
, on 680 acres and is expected to create more than 1,600 jobs to support the local economy.
The plant’s initial annual production capacity will be 27 gigawatt hours, which will be increased to 36 gigawatt hours under subsequent expansion plans, and plans to achieve large-scale production in 2027.
, Yoon-ho Choi said: “Last year, we established a partnership with General Motors, one of the world’s largest automakers, to build a premium battery production base to lead the U.S. electric vehicle market.
Samsung SDI will do its best to support GM and use PRIMX battery products with ‘Super Gap’ technology to strengthen GM’s leadership position in the electric vehicle market.
“, Mary Barra, GM Chairman and CEO, said: “The joint venture with Samsung SDI is the latest example of GM’s commitment to promoting innovation and development in the United States.
As more and more customers experience our electric vehicles, charging infrastructure improvements, and we expand into more market segments, sales in the electric vehicle market and General Motors will continue to grow.
“, The joint venture plant will produce high-performance nickel-rich prismatic batteries based on NCA (the battery cathode material is nickel-cobalt aluminum oxide), which are expected to be installed in GM’s upcoming electric vehicle model.
Samsung SDI’s square batteries not only improve cruising range through high energy density, but also enhance safety through their metal housing and exhaust system.
Through its joint venture with General Motors, Samsung SDI will gain a foothold in the North American electric vehicle market.
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