GM, Samsung SDI Teaming to Build More than $3B EV Battery Cell Plant in Indiana

SourceDesign Development Today
Date Published06/13/2023

Additional Reshoring Information:

Company/Division name General Motors with Samsung SDI
Parent companyGeneral Motors with Samsung SDI
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1700
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2026
Capital investment ($):3500
Country(ies) from which reshored:Korea, South
City reshored to:New Carlisle
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredEV Battery Cells
What domestic positive factors made reshoring more attractive?Better Control of Process/Delivery/Factory, Eco-system synergies, Govt. Policy and subsidies, Higher productivity, Image/brand, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, IRA
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