GM teams with Samsung SDI to invest over $3 billion to build and EV battery plant in the U.S.

General Motors Co. GM and South Korea-based Samsung SDI Co. Ltd. KR:006400 announced Tuesday plans to invest more than $3 billion to build a battery cell manufacturing plant in the U.S. to scale electric-vehicle capacity. The companies did not announce the location of the plant but said it targets the beginning of operations in 2026. The plant is expected to create “thousands” of jobs. The facility will be jointly operated by GM and Samsung, and it is projected to have production lines to build nickel-rich prismatic and cylindrical cells. “GM’s supply chain strategy for EVs is focused on scalability, resiliency, sustainability…