GM Postpones Indiana EV Battery Plant Launch to 2027

Key Highlights

• General Motors postpones the Indiana battery plant production start by one year, now targeting 2027.
• This delay reflects the largest U.S. automaker's response to weaker-than-anticipated electric vehicle demand.
• GM collaborates with Samsung SDI, investing approximately $3.5 billion in the New Carlisle, Indiana facility, expected to create 1,600 jobs.

General Motors (GM) has announced a one-year delay in commencing production at its Indiana EV battery plant, now scheduled for 2027. This adjustment underscores the company's cautious approach amid a softer-than-expected electric vehicle market.

In partnership with South Korea's Samsung SDI, GM is investing around $3.5 billion in the New Carlisle facility. Initially planned to begin mass production in 2026, the plant aims to employ over 1,600 workers once operational.

Additional Delays in GM's EV Expansion

Previously, GM postponed its plans for a second U.S. electric truck manufacturing plant and delayed the launch of Buick’s first electric vehicle.

Similarly, competitor Ford recently canceled its plans for a three-row all-electric SUV and a new electric pickup truck model.

Despite these setbacks, GM's stock has risen nearly 40% this year, though shares are slightly down in premarket trading.

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