Samsung SDI To Build Battery Plant In Illinois

Share post:

Samsung plans to build a battery factory in Normal, Illinois, according to Senator Dick Durbin.

Electric car startup Rivian has a factory in Normal and announced in April that Samsung SDI will be supplying battery cells for its vehicles.

Samsung SDI is also in talks to supply batteries that will be manufactured at a planned U.S. plant on the mainland, with manufacturers of electric vehicles such as Stellantis and Rivian, backed by Amazon and Ford Motor Co.

The South Korean technology giant is considering investing at least 3 trillion won ($2.62 billion) to make batteries for Stellantis and at least 1 trillion won to make batteries for Rivian.

According to sources, Samsung SDI has not yet made a final decision on whether to build the U.S. plant as a joint venture with automakers or as an independent production site.

Samsung SDI representatives have reportedly taken business trips to Detroit to discuss battery supply issues with Stellantis.

All parties did not comment on the matter.

For more information, read the original story in Reuters.

Featured Tech Jobs


Related articles

FTC says Microsoft’s layoffs at Activision Blizzard may threaten merger approval

The FTC has expressed dissatisfaction with Microsoft's layoffs at Activision Blizzard, challenging the integrity of the Microsoft-Activision deal....

Delaware court voids Musks $56 billion dollar compensation

Tesla's stock experienced a notable downturn following a Delaware court's decision to void CEO Elon Musk's massive $56...

IT World Canada strikes partnership with Canadian Cybersecurity Network

Goal is to make it easier for infosec pros to access each organization

Microsoft overtakes Apple as world’s most valuable company

In a notable shift in the tech industry, Microsoft has recently overtaken Apple to become the world's most...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways