Samsung SDI Considering Building EV Battery Plant in Illinois

Senator Dick Durbin informed reporters on Thursday that Samsung SDI of South Korea is considering developing a battery plant in central Illinois. According to a video of the press conference released on the Pantagraph newspaper website, Durbin stated that Samsung is in talks to establish a battery plant near Normal, Illinois. Rivian, an electric car company with a facility in Normal, announced in April that Samsung SDI would provide its vehicles with battery cells. We're in the middle of a bidding war for a massive Samsung battery factory. A Korean delegation arrived this week. I talked to them, as did others "Durbin elaborated. We are hoping that this Samsung factory will be located near Rivian. That decision has not yet been made. Having that battery plant will also result in thousands of jobs being created."

Samsung SDI Considering Building EV Battery Plant in Illinois


According to Reuters, Samsung SDI, a Samsung Electronics subsidiary, may develop a battery cell manufacturing in the United States. According to Reuters, Samsung SDI has been in talks with electric car companies Stellantis and Rivian, which is financed by Amazon and Ford, to supply batteries built at a future US factory.

According to the source, the South Korean battery company is considering investing at least KRW 3 trillion (approximately Rs. 19,050 crores) in Stellantis batteries and a minimum of KRW 1 trillion (about Rs. 6,350 crores) in Rivian batteries. According to the source, Samsung SDI has yet to determine whether to open the US unit as a joint venture with carmakers or as a standalone manufacturing facility. A person familiar with the situation told Reuters that Samsung SDI officials had been making business trips to Detroit recently to discuss battery supply difficulties with Stellaris.

Customers include BMW, Ford, Volvo, and Volkswagen, and Samsung SDI has EV battery operations in South Korea, China, and Hungary. Both Samsung and Durbin's offices did not respond to requests for comment on Thursday. Rivian was unavailable for comment.Rivian is in talks to invest at least $5 billion (approximately Rs. 37,140 crores) in a new vehicle manufacturing near Fort Worth, Texas, according to a city document obtained by Reuters on Wednesday. Rivian is anticipated to expand and hire more people in Illinois, according to Durbin.