Samsung SDI-GM-US plant

Samsung SDI-GM-US plant

Samsung SDI, GM to build US$3 bln EV battery plant in U.S.

SEOUL, April 25 (Yonhap) -- Samsung SDI Co. said Tuesday it is pushing to build an electric vehicle battery manufacturing facility in the United States in a joint venture with General Motors Co.

The South Korean battery maker unveiled the plan in a regulatory filing, under which the two companies have agreed to invest more than US$3 billion in constructing a plant capable of producing over 30 gigawatt hours a year.

The location of the plant has not been decided yet, it said.

The factory will aim to go into commercial operation starting 2026.

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