Samsung plans to build a $62 million electric vehicle battery pack factory
in Auburn Hills that will create more than 400 jobs, the Michigan Economic
Development Corporation has announced.
The facility will be Samsung SDI America Inc.'s first high-volume automotive
battery pack manufacturing facility in the U.S.
“We’re excited Samsung SDI America has expanded its footprint in Oakland
County and chosen Auburn Hills for its new technical center,” Oakland County
Executive L. Brooks Patterson said in a news release. “The company, with
investment of more than $62 million and the creation of 461 highly skilled
positions, has clearly demonstrated its faith in our educated workforce and
our county. It’s a strong vote of confidence.”
Samsung SDI America, Inc., headquartered in San Jose, Calif., chose Michigan
over "strong domestic and international competition," the MEDC said.
The company is to receive a $10 million Michigan Business Development
Program performance-based grant. Auburn Hills officials are expected to
approve a property tax abatement in support of the project, according to the
“We are honored that Samsung SDI America, Inc. has chosen to continue its
growth in Auburn Hills," Auburn Hills Mayor Kevin McDaniel said. "This new
investment and creation of jobs will allow Samsung SDI Inc. to continue
developing technologies in automotive battery back manufacturing. We
appreciate their confidence and reinvestment in our community."
Samsung SDI America, Inc. is a subsidiary of Samsung SDI Co., Ltd., which
makes rechargeable batteries for the IT and auto industries, as well as
energy storage systems. It also makes materials used to produce
semiconductors, displays and solar panels.