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GM and Samsung finalize deal for a $3.5 billion EV battery plant in Indiana
Production will start a year later than expected.
General Motors and Samsung SDI have finalized a $3.5 billion deal to build an electric vehicle battery plant in Indiana, the South Korean company announced Tuesday. GM is currently building three other battery factories in the US for a total annual capacity of 140GWh: one in Lordstown, Ohio, which is operational; Spring Hill, Tennessee, which is also in production; and Lansing, Michigan. GM switched to Samsung SDI after a recall of its Chevy Bolt electric vehicles equipped with batteries made by LG that were catching fire.
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