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Two major automakers announced separate plans to build electric vehicle battery plants in the US, a sign that the fast-paced expansion of EV manufacturing in the country has yet to slow down.
General Motors announced it will pair up with Samsung SDI to jointly invest $3 billion in an electric vehicle battery plant in the US. Separately, Hyundai said it would form a joint venture with another South Korean battery maker, SK On, for a $5 billion investment in a battery factory in Georgia.
Expected to start in 2026, the GM-Samsung factory will have more than 30GWh of capacity, bringing GM’s total US battery cell capacity to about 160GWh when it is…