A $3.5 billion EV battery factory is coming to one US state — and over a thousand new jobs are on the way
https://www.msn.com/en-us/money/technology/a-35-billion-ev-battery-factory-is-coming-to-one-us-state-and-over-a-thousand-new-jobs-are-on-the-way/ar-AA1ruIWmThe Hoosier State is the site of a new electric vehicle battery plant project that keeps getting delayed.
The General Motors-Samsung SDI factory, a $3.5 billion venture, is being built in New Carlisle, Indiana, the Detroit Free Press reported in August. It was first set to begin production in 2025, then 2026, and now 2027.
"The Samsung SDI joint venture is the latest example of GM's commitment to driving innovation in America," GM CEO Mary Barra said in a statement, per the Free Press. "The EV market and GM sales will continue to grow as more customers experience our EVs, the charging infrastructure builds out and we expand into more segments."
The saga dates to March 2023, when the companies signed an agreement. GM has other partnerships and plants, including in Ohio, Tennessee, and Michigan, all per the newspaper. These batteries will be nickel-based.
The plant will create 1,600 jobs, another downgrade — of 100 — from an initial estimate. Construction was expected to employ another 1,000 people, the Free Press reported. Barra previously stated GM will be able to manufacture more than 1 million EVs thanks to its Samsung partnership. It's part of a plan to create a hub of EV technology and manufacturing.