GM's New Partner Samsung SDI Plans $4 Trillion Battery Joint Venture in the U.S.

2026 Yangsan Target

Samsung SDI is establishing an electric vehicle battery joint venture in the United States with General Motors (hereinafter GM).

On the 25th, Samsung SDI announced that it plans to invest more than $3 billion (approximately 4 trillion KRW) to build a factory with an annual production capacity of over 30 GWh, aiming for mass production in 2026. Through this, Samsung SDI will secure GM as a new customer and strengthen its penetration into the U.S. market by establishing its second battery production base in the United States.

The joint venture will produce high-performance high-nickel prismatic and cylindrical batteries, which are expected to be fully equipped in future GM electric vehicles. The establishment of this joint venture is expected to create thousands of jobs. The location and workforce size of the joint venture have not yet been decided.

Yoonho Choi, CEO of Samsung SDI, said, "We are pleased to take the first step in a long-term strategic partnership with GM to lead the electric vehicle market," adding, "We will do our best to supply products with the highest safety and quality using the best technology to help GM strengthen its leadership in the electric vehicle market."

Mary Barra, Chairwoman of GM, said, "The core of GM’s electric vehicle supply chain strategy is to pioneer the future based on scalability, resilience, sustainability, and cost competitiveness, and I believe that cooperation with Samsung SDI will achieve all of these," adding, "By manufacturing cells together with Samsung SDI, we will enhance the production capacity of over one million electric vehicles annually in North America."

This content was produced with the assistance of AI translation services.