Samsung SDI, 'Alliance' with GM ... Establishment of a US battery joint plant

COMPANY / Reporter Paul Lee / 2023-03-06 06:13:28
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
삼성SDI 경기도 용인시 기흥 본사 (사진=삼성SDI)

[Alpha Biz=(Chicago) Reporter Paul Lee] Samsung SDI will establish a joint battery plant with General Motors (GM), a U.S. automaker.

According to the battery industry on the 3rd, Samsung SDI and GM are expected to sign a business agreement to establish a joint plant in Michigan on the 8th (local time).



The annual production volume of the joint factories of both companies is estimated to be around 30∼50 gigawatt hours (GWh). According to estimates, the investment of both companies is expected to reach 3 trillion won to 5 trillion won.

If Samsung SDI establishes a joint battery plant in the U.S. with GM, it will be recorded as the second joint plant after Stellatis. Samsung SDI announced last year that it will establish a joint venture with global carmaker Stellatis and build a battery joint plant in Indiana, USA. The annual production of the battery joint plant with Stellatis is 23GWh. The goal of this factory is to be operated in 2025.

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)

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