General Motors (GM) and Samsung SDI to Invest $3B+ to Expand U.S. Battery Cell Manufacturing
General Motors Co. (NYSE: GM) and Samsung SDI announced today they plan to invest more than
"GM's supply chain strategy for EVs is focused on scalability, resiliency, sustainability and cost-competitiveness. Our new relationship with Samsung SDI will help us achieve all these objectives," said GM Chair and CEO
"It is a great pleasure to take the very first step to create a long-term industry-leading partnership with GM in the
The plant will have more than 30 GWh of capacity and will bring GM's total
The companies plan to jointly operate the facility, and it is projected to have production lines to build nickel-rich prismatic and cylindrical cells.
According to
"We will continue to scale production and optimize the chemistry of our pouch cells for performance, range and cost using new approaches pioneered at GM's Wallace Battery Center and by our technology partners," he said. "The introduction of new cell form factors will allow us to expand into even more segments more quickly and integrate cells directly into battery packs to reduce weight, complexity and costs. With multiple strong cell partners, we can scale our EV business faster than we could going it alone."
The Ultium Platform was strategically designed to accept multiple cell form factors and chemistries. For example, in
GM and Samsung SDI are not announcing the location of the plant or employment projections at this time, however, the number of new jobs in construction and operations are expected to number in the thousands. As customer demand for EVs rises, GM will continue to scale its supply chain and operations, including cell production and vehicle assembly.