Samsung SDI said Wednesday it has signed an agreement with General Motors to jointly produce electric vehicles. battery factory in indiana.
First reported by ReutersThis agreement requires the two companies to invest 3.5 billion dollars in the factory, which aims to produce 27 gigawatt-hours of battery cells per year. Samsung is said to expect the factory to begin mass production in 2027 and is leaving room for capacity expansion to 36 gigawatt-hours in volume per year.
General Motors Ultium Battery
The plant was announced in April 2023. At the time, GM and Samsung said that will cost about $3 billionwill aim to produce 30 gigawatt-hours of batteries annually and is expected to be operational by 2026. At the time, GM said the plant would produce both prismatic and cylindrical batteries, highlighting the automaker’s flexibility on cell formatting.
The discussion of those formats means the Indiana plant could build battery cells that are significantly different from the very large pouch cells that GM is making at Ultium Cells LLC’s battery plants. joint venture with LG.
There may be an electric Chevrolet Camaro in GM Ultium’s teaser video
Cylindrical cells can be much easier to integrate into lower profile vehicles than large pouch batteries, making them a prime candidate for low-slung, high-performance electric vehicles like electric corvette GM has confirmed or will produce aerodynamically efficient sedans like the rumored all-electric replacement for the Chevy Camaro.
Indiana will also host two battery manufacturing plants in a joint venture between Samsung SDI and Stellantis. The first, announced in May 2022, will be located in Kokomo and is expected to be operational in early 2025. The two companies announced Second battery plant for Indiana in July 2023, when it announced that it would begin battery production in 2027.
