General Motors Co and Samsung SDI are expected to announce as early as Tuesday that they plan to build a new joint-venture battery manufacturing plant in the United States, sources told Reuters.
would not move forward with a fourth U.S. battery manufacturing plant. GM and LG Energy Solution are building a $2.6 billion plant in Michigan, set to open in 2024, one of three joint-venture Ultium Cells LLC plants.
"GM and LG Energy Solution have agreed on building three battery JV plants in the United States, and we would also likely have more than one battery JV plant with GM in the United States to better meet GM's EV battery demand and electrification goals," a Samsung SDI source, who declined to be named because he was not authorized to speak to media, told Reuters.
In August, GM and LG Energy Solution's joint venture said it was considering a site in New Carlisle, Indiana, for a fourth U.S. battery plant. In January, Reuters reported that GM and a new partner could still pick that Indiana site for a battery plant.
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