GM and Samsung Team Up for $3B Indiana EV Battery Gigafactory

General Motors and Samsung SDI announce plans to build an electric vehicle battery cell manufacturing plant in Indiana that will create 1,700 new jobs and reach maximum production capacity of 30 gigawatt-hours per year by 2026.
The joint venture aims to produce nickel-rich prismatic and cylindrical lithium-ion cells to make EVs more affordable and accessible.
The multibillion-dollar plant is set to begin construction within the next year.
The announcement is part of GM's goal to sell only zero-emissions electric vehicles by 2035.
The new gigafactory expands GM's existing joint venture with LG Energy Solution, which received a $2.5 billion Department of Energy loan last year to scale up U.S. manufacturing of lithium-ion batteries for EVs.