GM, Samsung SDI plan to build new U.S. battery plant, sources say
Publishing timestamp: 2023-04-24 21:20:21
Summary
General Motors and Samsung SDI are expected to announce a new joint venture battery manufacturing plant in the United States. The plant is expected to cost more than a previous Michigan battery plant, but the location has not been announced yet. This comes after GM and LG Energy Solution decided not to move forward with a fourth U.S. battery manufacturing plant. Biden has urged companies to partner with American unions for manufacturing electric vehicle batteries.
Sentiment: NEUTRAL
Keywords: business news, transportation, autos, politics, technology, samsung sdi co ltd, climate, samsung electronics co ltd, general motors co,
Source: https://www.cnbc.com/2023/04/24/gm-samsung-sdi-plan-to-build-new-us-battery-plant-sources-say.html