General Motors and Samsung SDI Plan to Invest More Than $3 Billion to Expand U.S. Battery Cell Manufacturing
April 26, 2023
April 26, 2023
DETROIT, Michigan, April 26 -- General Motors issued the following news release on April 25, 2023:
General Motors Co. (NYSE: GM) and Samsung SDI announced today they plan to invest more than $3 billion to build a new battery cell manufacturing plant in the United States that is targeted to begin operations in 2026.
"GM's supply chain strategy for EVs is focused on scalability, resiliency, sustainability and cost-competitiveness. Our new relationship with Samsung SD . . .
General Motors Co. (NYSE: GM) and Samsung SDI announced today they plan to invest more than $3 billion to build a new battery cell manufacturing plant in the United States that is targeted to begin operations in 2026.
"GM's supply chain strategy for EVs is focused on scalability, resiliency, sustainability and cost-competitiveness. Our new relationship with Samsung SD . . .