- The new factory will have more than 30-gigawatt hours of capacity, increasing GM’s total U.S.
- We will do our best to provide products featuring the highest safety and quality produced with our unrivalled technologies to help GM strengthen its leadership in the EV market.
On Tuesday, General Motors and South Korea’s Samsung SDI announced the plan to invest more than $3 billion in a new electric vehicle battery cell plant in the United States. They did not tell the intended location of the new factory, which is expected to begin operations in 2026, GM and Samsung SDI said in a statement. GM and Samsung SDI plan to jointly operate the factory, which is scheduled to make nickel-rich prismatic and cylindrical cells. The companies said it was expected to create thousands of jobs.
The announcement coincides with a visit to the United States by South Korean President Yoon Suk Yeol. The two countries are marking the 70th anniversary of their alliance with a summit featuring announcements on new nuclear deterrence efforts, cyber security and other areas of cooperation. Samsung was picked as the partner for the fourth plant after some Chevrolet Bolt batteries made by LG caught fire, forcing GM to recall about 142,000 vehicles due to a battery manufacturing problem. The recall cost GM about $1.9 billion, and the automaker said it was reimbursed for the cost by LG.
“We will do our best to provide the products featuring the highest level of safety and quality produced with our unrivalled technologies to help GM strengthen its leadership in the EV market.” Samsung SDI President and CEO Yoon-ho Choi.