GM, Samsung SDI finalize $3.5B battery joint venture

URLhttps://www.manufacturingdive.com/news/GM-Samsung-
Sourcemanufacturing dive
Date Published08/29/2024
Author NameHaley Cawthon

Additional Reshoring Information:

Company/Division name Samsung
Parent companyGM
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1600
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2027
Domestically, the work will be done:In-house
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, Transportation Equipment
Product(s) reshoredelectric vehicle batteries
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