General Motors & Samsung SDI to Invest $3.5B in US Battery Plant

General Motors Company (GM) has finalized a joint venture (JV) with Samsung SDI, a South Korea-based battery and electronic materials manufacturer. Per the JV, which was initially announced a year ago, the companies are investing around $3.5 billion to construct an electric vehicle (EV) battery plant with an annual capacity of up to 36 gigawatt-hours in northern Indiana. However, due to slower-than-expected consumer adoption of EVs, the companies will delay battery cell production until 2027, after initiall ...