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GM and Samsung Surprise the Automotive Industry by Closing a New Partnership. The Companies Announced a Billion-Dollar Investment in the Construction of a Battery Factory, Expected to Be Completed by 2027.
Samsung SDI has entered into a strategic partnership with General Motors (GM) for the construction of a new battery factory for electric vehicles in New Carlisle, Indiana, in the United States. This facility promises to be a landmark in the electrification of the automotive industry, in line with GM’s ambitious plan to transition to electric cars. In addition to boosting the local economy, the billion-dollar investment will strengthen the development of sustainable technologies and create hundreds of jobs in the region. The factory is expected to become a key player in the global growth of electrification, reaffirming the commitment of both giants to the future of transportation.
New GM and Samsung Factory Will Have a Capacity of 27 GWh
Thus, the joint venture between GM and Samsung will result in an investment of US$ 3.5 billion, equivalent to R$ 19 billion. With an annual capacity of 27 GWh initially, the goal of the two companies with the new factory for the automotive industry is to begin mass production by 2027.
According to Yoon-ho Choi, CEO of Samsung SDI, based on last year’s partnership with GM, a leading automaker in the North American automotive industry, the company is establishing a new premium battery factory to lead the electric market in the United States.
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The production of the new GM and Samsung factory will focus on nickel-rich prismatic batteries, which will equip the company’s upcoming electric vehicles. In this joint venture with GM, Samsung SDI will gain a prominent position in the North American electric vehicle market.
The strategy is to increase its customer base. The companies state that they are considering exploring the facilities together, which should have production lines to manufacture nickel-rich prismatic and cylindrical cells.
Which Cars Will Use the New Batteries from GM and Samsung?
According to GM’s President and CEO, Mary Barra, GM’s supply chain strategy for EVs is focused on scalability, resilience, sustainability, and cost competitiveness.
Its relationship with Samsung SDI will help achieve all these goals. The cells that will be built together will help increase its electric vehicle production capacity in North America to well beyond 1 million units per year.
As mentioned above, the battery cells produced in the new automotive industry factory will be used to power GM’s electric vehicles based on the Ultium platform. The automaker claims that the architecture has been strategically designed to accept various cell form factors and chemical elements.
For example, the Cadillac Lyriq sold in China is powered by prismatic cells applied to the same battery packs used in the United States. According to Doug Parks, GM Executive Vice President, Global Product Development, Purchasing and Supply Chain, the new joint venture with Samsung SDI will leverage the capital and technology of both companies to create new competitive advantages for GM.
GM Also Closes Partnership with LG
Parks states that the introduction of new cell formats will allow for quick expansion into more segments and integrate the cells directly into the battery packs to reduce weight, complexity, and costs. With several strong cell partners, it is possible to expand its EV business more rapidly compared to working individually.
Parks further states that GM will continue to increase production and optimize the chemistry of its pouch cells in terms of performance, range, and cost “using pioneering new approaches at GM’s Wallace Battery Center and by its technology partners.
GM already has a joint venture in the U.S. with LG Energy called Ultium Cells, while Samsung SDI has a battery joint venture in the U.S. with Stellantis.
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