GM And Samsung SDI Indiana Battery Plant To Be Completed By 2027
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Back in June, GM announced plans to build a fourth major battery plant in the U.S., selecting a site in Indiana for construction. The new facility will be built under a joint venture with Samsung SDI, and will be the first plant built under the new partnership. Now, new details have come to light regarding the forthcoming General Motors-Samsung battery plant in Indiana.
According to the St. Joseph County Department of Infrastructure, Planning and Growth, the new facility will be built on a 680-acre site within the Indiana Enterprise Center. The project site will span roughly 3 million square feet of building space, while substantial completion of the facility is expected by December of the 2027 calendar year.
The facility is expected to create 1,700 new jobs, with a projected investment amounting to $3.5 billion. Notably, the new battery facility is expected to be the largest single investment the county has seen in the last 75 years.
The new General Motors-Samsung battery facility in Indiana will be the automaker’s fourth major U.S. battery plant. GM is already operating a new Ultium Cells plant in Lordstown, Ohio under a joint venture with LG Energy Solution. Two additional Ultium Cells facilities are on the way, including a new facility in Spring Hill, Tennessee set to open next year, and another battery plant in Lansing, Michigan set to open later in 2024. All three facilities will be operated under a joint venture between General Motors and LG Energy Solution, with a total investment amounting to over $7 billion.
With the addition of the fourth new battery plant under the joint venture with Samsung SDI, General Motors is expected to have a battery production capacity of 160 gigawatt-hours. When it is fully operational, the new plant in Indiana is estimated to generate over 30 gigawatt-hours of battery production annually.
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Having two or more different cell suppliers will help reduce battery manufacturing cost, and lower electric vehicle costs in the long term. Then by 2030 it will be easy to buy a new EV and save on operating costs.
Except they are all doubling electric Cost in NYC to pay for wind energy. no savings
All-in on nothing but EV’s is looking like a race towards GM bankruptcy 2.0. Think about this, the hottest segment in US auto sales are hybrids and GM doesn’t have a single one in their limited lineup. But, Toyota sure does, 26 in fact.
I believe the New E-Ray qualifies as a “Performance Hybrid”, so they DO have a really FAST one at least, which should be worth sumptin?!!
At the least, the owners of these manufacturing facilities should have tax write offs. Until the national grid catches up with the required number of battery chargers and faster charging algorithms, there may be some alternate use for the facilities.
GM in St. Joseph County IS get tax breaks.
100% Real Property tax for 10 years ($6.7 M year 11)
100% Personal Property tax for 15 years ($18.4 M year 16)
I bet many of these proposed battery plants never see production.
Overhead a GM rep say, I don’t have to worry about getting an EV company car. Because, I would spend at least 8 hours a week charging on the road. My week would be a lot less productive. My thoughts exactly.
Nonsense, any day some corp will state their EV batteries charge from 5% to 95% in less that 15 minutes.
Its similar to the NACS that is the best at recharging EVs, GM decided to go NACS.
Any day GM will state that GM Battery factories will produce EV cells in cans, pouches and cells, and sell to all buyers excess production. Its would seem to be no big deal to change of cells since BMW uses 3 different size cells in the I7,I5 and I4