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Search resuls for: "GM LG Ohio JV"


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June 13 (Reuters) - General Motors (GM.N) and Samsung SDI (006400.KS) will build a more than $3 billion EV battery cell plant in Indiana scheduled to begin operations in 2026, creating 1,700 jobs, the state's governor said Tuesday. The companies said in April they would invest more than $3 billion to build a joint venture EV battery manufacturing plant in the U.S. but did not name a location. Reuters reported in January that GM had opted not to move forward with building a fourth U.S. battery plant with LG Energy Solution (373220.KS) in Indiana, but said GM could still pick Indiana for a battery plant with another partner. The joint GM and Samsung SDI plant near New Carlisle, Indiana aims to have an annual production capacity of 30 gigawatt hours (GWh). The companies are building a $2.6 billion plant in Michigan, set to open in 2024 after opening a plant in Ohio and are building another in Tennessee.
Persons: Yoonho Choi, Shawn Fain, Bernie Sanders, Joe Biden, Biden, David Shepardson, Louise Heavens, David Evans Organizations: General Motors, Samsung SDI, EV, Reuters, GM, LG Energy, Samsung, U.S . Energy Department, LG Energy Ultium Cells, United Auto Workers, GM LG Ohio JV, UAW, Thomson Locations: KS, Indiana, U.S, New Carlisle , Indiana, Michigan, Ohio, Tennessee, North America, South Korea
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