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International Business Times
International Business Times
Business
Kiran Tom Sajan

INSANE: Samsung finalizes deal with gm to build ev battery factory in us | Rare Historical Photos

GM Samsung United States Samsung SDI Mary Barra
Samsung and GM will invest about $3.5 billion to build a battery cell manufacturing plant (Credit: AFP)

Samsung SDI announced on Wednesday that it has finalized an agreement with General Motors (GM) to build a joint electric vehicle battery cell factory in the U.S. state of Indiana.

The two companies plan to invest approximately $3.5 billion in the construction of the battery cell manufacturing facility, which will have an initial annual production capacity of 27 gigawatt hours, according to a statement from Samsung SDI.

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