INTERNATIONAL BUSINESS TIMES NEWSLETTER SIGNUP My account Log Out Aug 28, 7:03 AM EDT World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion NEWSLETTER My account Log Out US Edition World U.
S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion Listings & More Spotlight Glossary SMB Forum Glossary K-Wave CEO Spotlight Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NEWSLETTER Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States Business Samsung Finalizes Deal With GM To Build EV Battery Factory In US By Kiran Tom Sajan Published 08/28/24 AT 7:03 AM EDT Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard Share on Pocket Samsung and GM will invest about $3.5 billion to build a battery cell manufacturing plant AFP Samsung SDI announced on Wednesday that it has finalized an agreement with General Motors (GM) to build a joint electric vehicle battery cell factory in the U.
S. state of Indiana. The two companies plan to invest approximately $3.
5 billion in the construction of the battery cell manufacturing facility, which will have an initial annual production capacity of 27 gigawatt hours, according to a statement from Samsung SDI . GM also confirmed the partnership in an official statement . The partnership was first unveiled in April 2023, with the jo.