GM and Samsung Finalize $3.5B EV Battery Plant, Delay Production to 2027

The new facility will bolster GM's EV ambitions despite slower market growth and will create over 1,600 jobs in Indiana.

The plant will produce nickel-rich prismatic cells with an initial capacity of 27 GWh, expandable to 36 GWh.
Construction has begun, but production is delayed by a year due to market conditions and contract finalizations.
The facility is GM's fourth EV battery plant in the U.S. and the first in partnership with Samsung SDI.
GM remains confident in the long-term growth of the EV market despite recent slowdowns in consumer adoption.
Local incentives include a decade-long 100% tax abatement, with GM paying a $4.5 million annual infrastructure fee.