Samsung SDI and General Motors Finalize Agreement to Establish Battery Joint Venture in the U.S.

Two companies to invest approximately $3.5bn in an EV battery plant with an initial capacity of 27GWh up to 36GWh and production target of 2027
The new manufacturing plant will be located in New Carlisle, Indiana, creating over 1,600 jobs and contributing to the local economy
The joint venture to stay aligned with the market pace, with the two companies continuing expanding their strategic partnership onwards

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