Will this announcement bring us some long overdue news?
SEOUL/WASHINGTON, Aug 28 (Reuters) - South Korea's Samsung SDI (006400.KS), opens new tab said on Wednesday it has completed an agreement with General Motors (GM.N), opens new tab to build a joint electric vehicle (EV) battery factory in the U.S. state of Indiana.The two companies will invest about $3.5 billion to build a battery cell manufacturing plant with an annual production capacity of 27 gigawatt hours (GWh) initially, Samsung SDI said in a statement.
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