Samsung SDI Co., Ltd., manufactures rechargeable batteries for the IT industry, auto industry, and energy storage systems, as well as cutting-edge materials used to produce semiconductors, displays and solar panels, plans to expand its manufacturing presence by creating its first high volume automotive battery pack manufacturing facility in Auburn Hills, Michigan.
Its US subsidiary, Samsung SDI America, Inc., headquartered in San Jose, California, currently has 130 Michigan based employees. The facility will be SDI’s principal North American electric vehicle battery pack manufacturing location.
The project is expected to generate a total capital investment more than $60 million and create more than 400 jobs, resulting in a $10 million Michigan Business Development Program performance-based grant. Michigan was chosen over strong domestic and international competition, according to state economic development officials.
“We’re excited Samsung SDI America has expanded its footprint in Oakland County and chosen Auburn Hills for its new technical center,” Oakland County Executive L. Brooks Patterson said. “The company, with investment of more than $62 million and the creation of 461 highly skilled positions, has clearly demonstrated its faith in our educated workforce and our county. It’s a strong vote of confidence.”
State officials noted, the city of Auburn Hills anticipates approving a property tax abatement in support of the project.
“We are honored that Samsung SDI America, Inc. has chosen to continue its growth in Auburn Hills. This new investment and creation of jobs will allow Samsung SDI, Inc. to continue developing technologies in automotive battery back manufacturing. We appreciate their confidence and reinvestment in our community,” said Auburn Hills Mayor Kevin McDaniel. “Our city council and staff have worked diligently to support this exciting project and we are looking forward to their continued success. On behalf of the city council, city staff and our more than 23,000 residents, we thank Samsung SDI America, Inc.”