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”

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