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Samsung plans $41M expansion, 368 new jobs in Michigan
Samsung SDI America is doubling its manufacturing capacity for lithium-ion batteries for electric vehicles with a $41 million expansion in Auburn Hills, Michigan.
A $5 million performance-based grant was approved to keep the investment in Michigan, rather than going to Kokomo, Indiana.
The expansion will address the cost disadvantage of locating the project in Michigan compared to competing sites.
Samsung SDI America is considering further expansions in the Midwest United States to broaden its footprint.
Samsung plans $41M expansion, 368 new jobs in Michigan
Samsung SDI America is set to double its manufacturing capacity for lithium-ion batteries for electric vehicles with a $41 million expansion in Auburn Hills, Michigan. This expansion will lead to the addition of a second production line and create 368 new jobs. To ensure the investment stays in Michigan, a $5 million performance-based grant was approved by the Michigan Strategic Fund board. The grant will help address the cost disadvantage of locating the project in Michigan compared to competing sites. Additionally, Samsung SDI America is considering further expansions in the Midwest United States to broaden its footprint.
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