Samsung to double EV battery manufacturing in Michigan

The Michigan Financial Growth Company introduced Samsung SDI America’s enlargement lately. The lithium-ion battery producer plans to broaden two of its Auburn Hills amenities to fulfill buyer calls for within the automotive sector. The undertaking will embody upgrades to the EV battery manufacturing line and enhancements to worker well-being amenities and the IT division.

“This enlargement plan, vital to our operations, will enable us to raised assist our prospects and can end in lots of of latest jobs for these keen to participate within the electrification revolution. We’re happy with the Michiganders we make use of and are thrilled to be taking part in a small half in Michigan’s brilliant future,” Pittel added.

Samsung SDI estimates that the enlargement undertaking will generate a complete capital funding of $41 million. The Michigan Strategic Fund board accredited a $5 million performance-based grant for the undertaking. The grant was reportedly accredited to forestall Samsung SDI’s funding from going to Kokomo, Indiana, the place the lithium-ion battery provider plans to make a 34 GWh manufacturing facility with Stellantis.

The corporate additionally predicts that its plans for the Auburn Hills amenities will create 368 new high-wage jobs, including to Samsung SDI’s 628 workers in Michigan. The brand new jobs are anticipated to pay not less than $37.50 per hour plus advantages. 

In addition to Stellantis, Samsung SDI partnered with Basic Motors (GM) on a $3 billion EV battery manufacturing plant in america. In June 2022, Tesla reportedly approached Samsung SDI about constructing a pilot line for its 4680 battery cells.

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Samsung to double EV battery manufacturing in Michigan