Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

General Motors-Samsung SDI Plan St. Joseph County, Indiana, EV Battery Plant

06/15/2023
A joint venture between General Motors and Korea-based Samsung SDI plans to establish an EV battery cell plant in St. Joseph County, Indiana. The $3 billion project is expected to create 1,700 jobs.

The new plant will be located just east of New Carlisle at Larrison Boulevard and Indiana 2 and will house production lines to build nickel-rich prismatic and cylindrical cells. The facility will have more than 30 GWh of capacity. Production is scheduled for 2026.

“This joint venture and the 1,700 people there will help supply cells for millions of all-electric vehicles for customers across North America,” said Mary Barra, GM Chair and CEO. “The strong support of local and state leaders in Indiana and the combined resources and expertise of GM and Samsung SDI will help us move faster than we could on our own.”

The Indiana Economic Development Corporation (IEDC) is working with GM and Samsung SDI to finalize a performance-based incentive offer to support the joint venture’s investment and job creation plans.?St. Joseph County, Indiana Michigan Power, and Northern Indiana Public Service Company offered additional incentives.

"Through establishment of a battery joint venture with GM, we are grateful that Samsung SDI can contribute to boosting the economy of Indiana and creating new jobs here," noted Yoonho Choi, President and CEO of Samsung SDI. "Securing Indiana as a strong foothold together with GM, Samsung SDI will supply products featuring the highest level of safety and quality in a bid to help the U.S. move forward to an era of electric vehicles."

“GM and Samsung SDI doubling down on their commitment to growing in Indiana further solidifies our state’s pole position in the growing EV space,” added Indiana Secretary of Commerce Brad Chambers. “Indiana has long been a global business destination, and our momentum continues as we further build Indiana’s future-focused economy and usher in incredible opportunities for Hoosiers. Transformational projects like these not only help bolster Indiana’s economy but enrich the surrounding communities and will directly benefit Indiana residents for decades to come.” ?

Share

Exclusive Research