Dive Brief:
- General Motors and South Korea-based battery maker Samsung SDI have picked New Carlisle, Indiana, to house their over $3 billion battery manufacturing plant, the governor’s office announced Tuesday.
- The upcoming joint venture facility, which was first announced in April, will produce nickel-rich prismatic and cylindrical battery cells and have over 30 gigawatts of capacity.
- Construction is slated to start next year, with production expected to begin in 2026.
Dive Insight:
GM has committed over $4 billion to expand its Indiana operations over the past year.
On Monday, the automaker announced plans to invest $632 million toward its Fort Wayne plant to produce the next generation of gas-powered engines for its full-size light-duty trucks. And in September, GM announced a $491 million investment to expand and upgrade its Marion metal center plant to support EV production.
GM’s new joint venture with Samsung SDI will help the automaker reach its goal of producing 1 million EVs in North America by 2025.
“For decades, Hoosier communities like Marion, Bedford and Fort Wayne have been part of the production of countless firsts for family vehicles,” Indiana Gov. Eric Holcomb said in a statement. “And, now today, I couldn’t be more excited to again see GM alongside one of Indiana’s newest world class companies, Samsung SDI, take this giant leap and make this $3 billion commitment that will transform the automotive industry aided by our proud Hoosier workforce.”