General Motors and Samsung to collaborate on building a battery plant in the US
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General Motors and Samsung to collaborate on building a battery plant in the US
Ro, 08 February 2024
General Motor's CEO, Mary Barra, went on an official visit to Samsung's headquarters in South Korea and met with three high-ranking officials - the head of Samsung Display, Samsung Electro-Mechanics and more importantly, Samsung SDI (the company's battery arm).
Mary Barra discussed with Samsung SDI's head Choi Yoon-ho the prospect of building an EV battery plant in Indiana, USA and if everything goes to plan, it should be operational by 2026, producing 30 GWh worth of batteries per year.
Additionally, GM may start sourcing other parts from Samsung, including cameras, sensors and displays.
But that's not all. Reportedly, GM's CEO met with LG Energy Solutions as well, perhaps to discuss an alternative supplier. The two companies have a joint venture battery plant situated in Michigan, USA, which isn't ready yet.
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