Indiana Chosen for $3 Billion EV Battery Plant, 1,700 Jobs
NEW CARLISLE – After nearly a year of waiting, it’s official: A more than $3 billion electric vehicle battery cell plant is coming to northern Indiana, according to reporting in the Indianapolis Business Journal.
General Motors and South Korea-based Samsung SDI announced Tuesday that they have selected a 656-acre site in New Carlisle—about 15 miles west of South Bend—to build the plant and create 1,700 manufacturing jobs.
The origins of the St. Joseph County project date to last August, when Ultium Cells LLC, a joint venture between GM and LG Energy Solution in South Korea, filed a tax-abatement application for what was then planned to be a $2 billion facility.
The St. Joseph County Council approved an economic development agreement and tax incentive package the following month, though Ultium had not yet made a decision on a site for the project, and the waiting game began.
But plans were paused in January after GM and LG Energy Solution failed to come to an agreement on building what would’ve been their fourth plant.
In April, GM announced it had formed a new joint venture with Samsung SDI, and one month later, the St. Joseph County Council amended the original EDA and incentives to bring it up to date with the new partners.
Click here to see the complete Indianapolis Business Journal article.
Source: https://rvbusiness.com/indiana-chosen-for-3-billion-ev-battery-plant-1700-jobs/
