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Dubai News Club > Tech > GM and Samsung finalize deal for a $3.5 billion EV battery plant in Indiana
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GM and Samsung finalize deal for a $3.5 billion EV battery plant in Indiana

Press Room
Last updated: 2024/08/28
Press Room
Published: August 28, 2024
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The factory was expected to start production in 2026, but now it is anticipated that batteries won’t start rolling off the line until 2027 at the earliest. Construction at the factory is already underway, The News-Gazette reported.

The deal is a sign that the largest automaker in the US is still committed to scaling up EV production, even as its rivals pull back their investment and cancel models. EV sales are still growing, but some automakers are getting cold feet over their earlier…

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