Samsung SDI, a leading South Korean battery maker, announced on Wednesday that it has finalised an agreement with General Motors (GM) to build a joint electric vehicle (EV) battery factory in Indiana, USA.
The two companies will invest approximately $3.5 billion in the battery cell manufacturing plant, which would have an initial annual production capacity of 27 gigawatt hours (GWh).
The facility aimed to start mass production in 2027, with plans to expand its capacity to 36 GWh in the future.
“We are excited to finalize this battery joint venture with Samsung SDI,” said Kurt Kelty,
GM’s vice president of battery cell and pack. “The plant would have the capability to expand up to 36 GWh, building prismatic cells, which would be added to our battery technology portfolio, helping us to continue to increase performance and lower costs in the future.”
The joint venture was first announced in April 2023, with an initial investment of over $3 billion and a planned production capacity of 30 GWh.
The Indiana plant would produce both nickel-rich prismatic and cylindrical cells, with GM projecting an annual EV production of 250,000 units by the end of 2024.
Boluwatife Enome
Follow us on:
Gbadebo Rhodes-Vivour has condemned the commercialisation of GMO seeds, warning of threats to Nigeria’s food…
Oleksandr Usyk has secured victory over Tyson Fury in Riyadh, successfully defending his heavyweight championship…
Albania plans a one-year TikTok ban from January after a schoolboy’s death sparks concerns over…
A suspect accused of killing five people by driving into a crowded Christmas market in…
A US Navy F/A-18 Hornet was mistakenly shot down over the Red Sea by the…
NNPC has reduced petrol ex-depot price to N899 per litre, sparking competition with Dangote Refinery…
View Comments
ANNOUNCEMENT AUCTIONING.
NIGERIA IMPOUNDED VEHICLE CURRENTLY GOING NOW.
IMPOUNDED VEHICLES
FOR SALE IN A CHEAP AND AFFORDABLE AUCTION PRICE,
INTERESTED BUYER:!
SHOULD KINDLY CONTACT
OR
WHATSAPP CUSTOM
(DCG),Omar
📞📞O8O_-6739_-_9O9O
BAGS OF RICE AND VEGETABLE OIL FOR SALE IN A CHEAPER AND AFFORDABLE PRICE.
BAG OF RICE - (₦25,500.) 50kg
GALLON OF VEGETABLE OIL - (#18,500) 25lit.
NOTE:-
DCG Omar
📞O8O_-6739_-_9O9O!!
THE NIGERIA CUSTOM *REPLACEMENT SLOT* ARE ALSO AVAILABLE FOR SALES.
SOME OF THE VEHICLES FOR SALE'S
AND THEIR AUCTION PRICES ARE:!
Toyota 4Runner #750,000
Toyota Avalon #900,000
Toyota Avensis #950,000
Toyota Camry tiny light #450,000
Toyota Corolla #500,000.
Toyota FJ Cruiser #2.M
Toyota Hiace #1.5m
Toyota Highlander #950,000
Toyota Hilux #1.2m
Toyota Matrix #600,000
Toyota Prado #2m
Toyota Rav4 #650,000
Toyota Sequoia #950,000
Toyota Tacoma #2.7m.
Toyota Tundra #2.5M.
Toyota Venza #3.1M
Toyota Yaris #900,000
Volkswagen Beetle #400,000
Volkswagen Golf 2,3,4 #250,000 /#450,000
Volkswagen Jetta #650,000
Volkswagen Passat #600,000.
Volkswagen Touareg #600,000
Acura MDX #1.3
Acura TL #1M
Acura ZDX #2M
Audi A4 #500,000
Audi A6 #650,000
BMW 3-Series #650,000
BMW 5-Series #980,000
BMW X5 #1.3M
BMW X6 #1.4M
Ford Escape #600,000
Ford Explorer #900,000
Honda Baby Boy #500,000
Honda Accord 03 EOD #860,000
Honda City #450,000
Honda Civic #500,000
Honda Crosstour #1.1M
Honda CR-V #750,000
Honda Pilot #850,000
Hyundai Elantra #850,000.
Infiniti FX35 #1M
Infiniti FX45 #1.2M
Infiniti QX4 #850,000.
Isuzu Trooper #750 000
Lexus Rx330,#900,000
Lexus Rx350,#1.4m
Lexus Rx400, #2m
Land Rover Freelander #2.3M
Land Rover LR4 #1M
Land Rover Range Rover.10m
NOTICE:-
THE PRICE OF THOSE VEHICLES DEPEND ON THEIR YEAR MODEL, WE SALE AND DELIVERING VEHICLES TO ALL THE 36 STATE IN NIGERIAN.