GM and Samsung SDI's $3.5B EV Battery Plant

General Motors and Samsung SDI have finalized a $3.5 billion deal to build an electric vehicle battery plant in New Carlisle, Indiana. The facility, initially expected to start production in 2026, is now anticipated to commence operations in 2027 with an initial capacity of 27 GWh, expandable to 36 GWh. This joint venture marks the largest EV investment in Indiana's history and is projected to create over 1,600 jobs. The plant will produce high-performance nickel-rich prismatic and cylindrical battery cells for GM's upcoming electric vehicles, enhancing their performance and reducing costs. This move underscores GM's commitment to scaling up EV production amid a slowing industry trend. The project also benefits from local tax abatements and other incentives.