An Indiana county council on Tuesday evening approved tax incentives for a $3.5 billion battery plant investment by General Motors Co. and battery partner Samsung SDI.
The St. Joseph County Council unanimously approved a development agreement and tax abatements for the project that would be the largest seen in the area if the companies decide to select the northern Indiana site for GM's fourth battery cell plant.
In September, GM received approval for tax incentives with its other battery partner, LG Energy Solution, for a New Carlisle, Indiana, plant, but GM and LG halted their plans in January. Ultium Cells LLC, the joint venture between GM and LG, already operates a battery plant in Warren, Ohio, and is constructing two additional factories in Michigan's Delta Township and Spring Hill, Tennessee.
