![]() electric car market,” remarked Samsung SDI President and CEO Yoon-ho Choi. However, it is anticipated that thousands of jobs will be created through the JV establishment.“It is a great pleasure to take the very first step to create a long-term industry-leading partnership with GM in the U.S. Samsung SDI and GM are not announcing other details of the partnership, such as the location of the plant or an estimated employment, at this time. The JV will be dedicated to producing high-performing, nickel-rich prismatic and cylindrical batteries that will be exclusively supplied for GM’s upcoming electric vehicles. market by establishing its second battery manufacturing facility in the country, while securing GM as a new customer in the market. The prospective JV will aim to start mass production in 2026. Through the new JV plan, Samsung SDI will be able to further enhance its penetration into the U.S. ![]() ![]() □ Prospective joint venture to invest over $3 billion for more than 30GWh annual capacity □ Samsung SDI CEO Yoon-ho Choi remarks, “We will provide the products featuring the highest levels of safety and quality produced with our unrivalled technologies to help GM strengthen its leadership in the EV market.”□ General Motors CEO Marry Barra says, “The cells we will build together will help us scale our EV capacity in North America”SEOUL, Korea – ApSamsung SDI and General Motors (GM) today announced that they have agreed to establish a joint venture (JV) to manufacture battery cells for electric vehicles in the United States. Samsung SDI said the company and GM plan to invest over $3 billion in the JV that would have an annual production capacity of more than 30 gigawatts-hour. SDI News Samsung SDI, General Motors Plan to Establish Joint Ventur. ![]()
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