Samsung SDI has agreed to work with General Motors (GM) to establish a joint venture for electric vehicle battery production in the United States.
On the 25th, Samsung SDI announced plans to invest over $3 billion to establish a factory with an annual capacity of over 30 GWh, aiming for mass production by 2026.
This move will help Samsung SDI secure GM as a new customer while also establishing its second battery production base in the U.S., further strengthening its strategy in the American market.
The joint venture is expected to produce high-performance high-nickel pouch and cylindrical batteries, which will be fully equipped in upcoming GM electric vehicles.
While the location and personnel size for the joint venture have not yet been determined, it is anticipated to create thousands of jobs.
Choi Yun-ho, CEO of Samsung SDI, expressed his happiness, stating, “I am pleased to take the first steps toward a long-term strategic partnership with GM to lead the electric vehicle market,” and I will do my best to supply products with the best safety and quality using our best technology to help GM enhance its leadership in the electric vehicle market.”
GM Chair Mary Barra noted, “The core of GM’s electric vehicle supply chain strategy is to forge the future based on scalability, resilience, sustainability, and price competitiveness. I believe we can achieve all of these through collaboration with Samsung SDI,” and added, “By manufacturing cells with Samsung SDI, we will enhance our production capacity of electric vehicles in North America to over one million units annually.”
Lee Sang-jin daedusj@autodiary.kr