Eric Holcomb wants everybody to know.
Holcomb, the Governor of Indiana, took to Twitter on June 13 to announce that General Motors (GM) and Samsung SDI will build a more than $3 billion EV battery cell plant in the Hoosier State.
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"This historic investment is further proof that #Indiana has turned it up and shifted into a higher gear when it comes to helping create the future of mobility and more customer options out on the open road," Holcomb tweeted.
The facility will be located just east of New Carlisle and is scheduled to begin operations in 2026 and create 1,700 manufacturing jobs.
Barra Cites 'Strong Support'
The companies announced the joint venture in April without specifying the location.
The plant will house production lines to build nickel-rich prismatic and cylindrical cells and is expected to help significantly increase the accessibility and affordability of electric vehicles.
The facility will have more than 30 Gigawatt-hours of capacity once finished.
“This joint venture and the 1,700 people there will help supply cells for millions of all-electric vehicles for customers across North America,” Mary Barra, GM chair and CEO, said in a statement.
“The strong support of local and state leaders in Indiana and the combined resources and expertise of GM and Samsung SDI will help us move faster than we could on our own,” she added.
The U.S. Department of Energy said this is part of a plan to increase North America’s battery manufacturing capacity from 55 GWh per year to 1,000 GWh per year by 2030.
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By that time, the DOE said, the production capacity will be capable of supporting the manufacture of roughly 10 million to 13 million all-electric vehicles per year.
GM has five facilities across Indiana that employ more than 5,700 people.
The news comes one day after GM’s announced it will spend $632 million on the Fort Wayne Assembly to upgrade the plant to build future gasoline-powered full-size light-duty pickups.
Last year, GM said it planned to invest $491 million to expand and upgrade its Marion, Ind., facility to support its growing EV production
The DOE finalized a $2.5 billion loan to the GM-LG Energy Ultium Cells LLC joint venture late last year, Reuters reported.
The companies are building a $2.6 billion plant in Michigan, set to open in 2024 after opening a plant in Ohio and are building another in Tennessee.
GM expects to build 400,000 electric vehicles in North America from 2022 through mid-2024 and increase capacity to 1 million units annually in North America in 2025.
