삼성SDI-GM, 배터리 합작법인 설립 추진
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Samsung SDI, General Motors Plan to Establish Joint Venture for Battery Manufacturing
Prospective joint venture to invest over $3 billion for more than 30GWh annual capacity
Samsung SDI CEO Yoon-ho Choi remarks, “We will provide the products featuring the highest levels of safety and quality produced with our unrivalled technologies to help GM strengthen its leadership in the EV market.”
General Motors CEO Marry Barra says, “The cells we will build together will help us scale our EV capacity in North America”
SEOUL, Korea – April 25, 2023 – Samsung SDI and General Motors (GM) today announced that they have agreed to establish a joint venture (JV) to manufacture battery cells for electric vehicles in the United States.
Samsung SDI said the company and GM plan to invest over $3 billion in the JV that would have an annual production capacity of more than 30 gigawatts-hour. The prospective JV will aim to start mass production in 2026.
Through the new JV plan, Samsung SDI will be able to further enhance its penetration into the U.S. market by establishing its second battery manufacturing facility in the country, while securing GM as a new customer in the market.
The JV will be dedicated to producing high-performing, nickel-rich prismatic and cylindrical batteries that will be exclusively supplied for GM’s upcoming electric vehicles.
Samsung SDI and GM are not announcing other details of the partnership, such as the location of the plant or an estimated employment, at this time. However, it is anticipated that thousands of jobs will be created through the JV establishment.
“It is a great pleasure to take the very first step to create a long-term industry-leading partnership with GM in the U.S. electric car market,” remarked Samsung SDI President and CEO Yoon-ho Choi. "We will do our best to provide the products featuring the highest levels of safety and quality produced with our unrivalled technologies to help GM strengthen its leadership in the EV market."
“GM’s supply chain strategy for electric vehicles is focused on scalability, resiliency, sustainability and cost-competitiveness. Our new relationship with Samsung SDI will help us achieve all these objectives,” said GM Chair and CEO Mary Barra. “The cells we will build together will help us scale our EV capacity in North America well beyond 1 million units annually.”
About Samsung SDI
Samsung SDI, headquartered in the Republic of Korea, is a world-leading battery and electronic material manufacturer redefining the worlds of electric vehicles, energy storage systems and IT devices. The company drives transformation and innovation to emerge as a ‘Creative Energy and Materials Solution Leader’ across the fields of e-mobility, energy solutions, as well as semiconductors and displays. The company commits to sourcing 100% renewable electricity across its entire global operations by 2050. For the latest news, please visit the Samsung SDI News at https://www.samsungsdi.com/sdi-news/list.html.
Prospective joint venture to invest over $3 billion for more than 30GWh annual capacity
Samsung SDI CEO Yoon-ho Choi remarks, “We will provide the products featuring the highest levels of safety and quality produced with our unrivalled technologies to help GM strengthen its leadership in the EV market.”
General Motors CEO Marry Barra says, “The cells we will build together will help us scale our EV capacity in North America”
SEOUL, Korea – April 25, 2023 – Samsung SDI and General Motors (GM) today announced that they have agreed to establish a joint venture (JV) to manufacture battery cells for electric vehicles in the United States.
Samsung SDI said the company and GM plan to invest over $3 billion in the JV that would have an annual production capacity of more than 30 gigawatts-hour. The prospective JV will aim to start mass production in 2026.
Through the new JV plan, Samsung SDI will be able to further enhance its penetration into the U.S. market by establishing its second battery manufacturing facility in the country, while securing GM as a new customer in the market.
The JV will be dedicated to producing high-performing, nickel-rich prismatic and cylindrical batteries that will be exclusively supplied for GM’s upcoming electric vehicles.
Samsung SDI and GM are not announcing other details of the partnership, such as the location of the plant or an estimated employment, at this time. However, it is anticipated that thousands of jobs will be created through the JV establishment.
“It is a great pleasure to take the very first step to create a long-term industry-leading partnership with GM in the U.S. electric car market,” remarked Samsung SDI President and CEO Yoon-ho Choi. "We will do our best to provide the products featuring the highest levels of safety and quality produced with our unrivalled technologies to help GM strengthen its leadership in the EV market."
“GM’s supply chain strategy for electric vehicles is focused on scalability, resiliency, sustainability and cost-competitiveness. Our new relationship with Samsung SDI will help us achieve all these objectives,” said GM Chair and CEO Mary Barra. “The cells we will build together will help us scale our EV capacity in North America well beyond 1 million units annually.”
About Samsung SDI
Samsung SDI, headquartered in the Republic of Korea, is a world-leading battery and electronic material manufacturer redefining the worlds of electric vehicles, energy storage systems and IT devices. The company drives transformation and innovation to emerge as a ‘Creative Energy and Materials Solution Leader’ across the fields of e-mobility, energy solutions, as well as semiconductors and displays. The company commits to sourcing 100% renewable electricity across its entire global operations by 2050. For the latest news, please visit the Samsung SDI News at https://www.samsungsdi.com/sdi-news/list.html.