Sources said GM is considering whether it will eventually need at least two additional EV plants to meet future EV demand.
In May 2022, Stellantis NV and Samsung SDI announced they would invest more than $2.5 billion to build a new joint venture battery plant in Kokomo, Indiana. Stellantis and LG Energy said in 2022 they would invest $4.1 billion for a joint venture battery plant in Canada.
In 2022, U.S. President Joe Biden at a visit to Samsung in South Korea urged the companies to "enter into partnerships" with "American union members" and said joint ventures "that manufacture electric vehicle batteries would be made stronger by collective bargaining relationships" with U.S. unions.
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