The new joint venture with Samsung SDI will leverage the capital and technology of both companies to meet future EV demand.
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The Indiana plant to open in 2025 will employ 1,400 workers and produce a starting capacity of 23 gigawatt-hours with with plans to increase up to 33 gigawatt-hours.
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Samsung says it has built a battery that has a 500-mile range and can be recharged over 1,000 times. The technology is not planned for market anytime soon.
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