Production at an electric vehicle battery cell plant jointly run by General Motors and Samsung SDI has been delayed as EV sales have slowed in the U.S. The companies finalized their agreement Tuesday to jointly run the new factory in New Carlisle, Indiana, near South Bend, but said production would not start until 2027.
FILE - People walk by Samsung SDI Co.’ booth during the InterBattery 2021, the country’s leading battery exhibition, at COEX in Seoul, South Korea, on June 9, 2021. DETROIT — Production at an electric vehicle battery cell plant jointly run by General Motors and Samsung SDI has been delayed as EV sales have slowed in the U.S.
The delay will be less than a year, due to market conditions and working out contract details, GM said. Construction of the factory is already under way. U.S. electric vehicle sales overall rose about 7% during the first half of the year to 599,134, Motorintelligence.com reported. EVs accounted for 7.6% of the U.S. new vehicle market, about the same as it was for all of last year. Lease deals, which include federal tax credits, helped to boost sales.in June of last year. The $3.5 billion plant is being built on a 680-acre site and is expected to employ 1,600 workers.
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