Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Samsung SDI and GM to build a $3.5B EV battery plant in US
    General-Motors-8-29
    General-Motors-8-29
    IT Infrastructure

    Samsung SDI and GM to build a $3.5B EV battery plant in US

    By j.zhang@btw.mediaAugust 29, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Samsung SDI and GM are investing $3.5 billion in an EV battery plant in Indiana, aiming for a production capacity of up to 36 GWh.
    • The plant will start mass production in 2027, marking a strategic expansion in battery technology and cost reduction for both companies.

    OUR TAKE
    Samsung SDI and GM’s $3.5 billion investment in an Indiana EV battery plant reflects their response to soaring electric vehicle demand. The shift from cylindrical to prismatic cells highlights GM’s focus on improving efficiency and reducing costs. This venture enhances Samsung SDI’s market position and advances a sustainable automotive future.
    –Jasmine Zhang, BTW reporter

    What happened

    South Korea’s Samsung SDI and General Motors (GM) have finalised plans to invest around $3.5 billion in a joint electric vehicle (EV) battery plant in Indiana, USA, with an initial production capacity of 27 gigawatt hours (GWh) annually. The plant, set to start mass production by 2027, aims to expand its capacity to 36 GWh.

    The joint venture, originally announced in April 2023, marks a strategic move for both companies to bolster their EV capabilities. GM’s Kurt Kelty emphasised the plant’s role in advancing battery technology and lowering costs. This collaboration comes as GM adjusts its 2024 EV production forecast, reducing the target from 300,000 to 250,000 units due to fluctuating demand.

    Samsung SDI shares rose by 3.2% following the announcement, reflecting investor confidence in the partnership’s potential to impact the EV market significantly.

    Also read: GM’s Cruise recalls 1,200 robotaxis to conclude US investigation

    Also read: Samsung forecasts AI-driven chip demand surge

    Why it’s important

    Samsung SDI and General Motors’ $3.5 billion investment to build an EV battery plant in Indiana is a calculated response to the accelerating demand for electric vehicles and the need for a robust battery supply chain.

    This plant, with its initial capacity of 27 GWh, is set to start mass production by 2027, aiming to expand up to 36 GWh. Notably, GM has shifted its focus from earlier plans of producing cylindrical cells to now including prismatic cells, which are known for their efficiency in space and energy density. This strategic change underscores GM’s commitment to enhancing battery performance while cutting costs, aligning with their broader vision of scaling EV production.

    Moreover, Samsung SDI’s involvement not only brings cutting-edge battery technology to the table but also solidifies its position in the competitive EV market. This joint venture marks a significant step towards a greener, more sustainable automotive future.

    EV GM Samsung SDI
    j.zhang@btw.media

    Jasmine Zhang is an intern reporter at Blue Tech Wave specialising in AI and Fintech. She graduated from Kunming University of Science and Technology. Send tips to j.zhang@btw.media.

    Related Posts

    Cloud Innovation calls for AFRINIC wind-up after ‘impossible’ election standards

    July 11, 2025

    Fimnet: Enabling Kenya’s Digital Growth

    July 11, 2025

    CoLi Link Ghana Limited: Pioneering connectivity

    July 11, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.