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He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":570,"content":571},"doc",[572,579,584,599,604,609,627,634,639,644,664,669,674,679,684,695,700,705,710,715,724],{"type":573,"attrs":574,"content":575},"paragraph",{"textAlign":49},[576],{"text":577,"type":578},"General Motors (GM) and Samsung SDI have finalised their plans to build a US gigafactory through a joint venture in Indiana, US, demonstrating US automakers’ confidence in long-term electric vehicle (EV) demand despite a recent slowdown in growth.","text",{"type":573,"attrs":580,"content":581},{"textAlign":49},[582],{"text":583,"type":578},"The deal further strengthens the US battery supply chain, where a surge of investment has supported efforts to localise production, particularly since the implementation of the Inflation Reduction Act (IRA) in 2022. ",{"type":573,"attrs":585,"content":586},{"textAlign":49},[587,589,597],{"text":588,"type":578},"Battery cell demand in North America is forecast to grow 25% in 2024 and more than triple by 2030, according to Benchmark’s ",{"text":590,"type":578,"marks":591},"Lithium ion Battery Database",[592],{"type":593,"attrs":594},"link",{"href":595,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://www.benchmarkminerals.com/lithium-ion-batteries/data-reports/forecast/","url",{"text":598,"type":578},".",{"type":573,"attrs":600,"content":601},{"textAlign":49},[602],{"text":603,"type":578},"GM’s Vice President of Batteries Kurt Kelty recently told Benchmark Source he is in favour of more localised supply, citing cost reduction, improved security of supply, and more dynamic battery design processes as benefits.",{"type":573,"attrs":605,"content":606},{"textAlign":49},[607],{"text":608,"type":578},"“There’s nothing we can’t fundamentally source in North America,” Kelty told Benchmark Source in an exclusive interview.",{"type":573,"attrs":610,"content":611},{"textAlign":49},[612,617,624],{"text":613,"type":578,"marks":614},"Watch this exclusive interview with Kurt Kelty, Vice President of Batteries, General Motors. View more Power Players videos ",[615],{"type":616},"italic",{"text":618,"type":578,"marks":619},"here",[620,623],{"type":593,"attrs":621},{"href":622,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/search/tag/power-players?items_per_page=12&page_offset=0&tags[]=power-players",{"type":616},{"text":598,"type":578,"marks":625},[626],{"type":616},{"type":628,"attrs":629,"content":631},"heading",{"level":630,"textAlign":49},4,[632],{"text":633,"type":578},"The joint venture",{"type":628,"attrs":635,"content":636},{"level":630,"textAlign":49},[637],{"text":638,"type":578},"Deal confirmed despite the short-term slowdown",{"type":573,"attrs":640,"content":641},{"textAlign":49},[642],{"text":643,"type":578},"The news comes amidst negative sentiment in the market, with many cell manufacturers and automakers delaying investments and rolling back targets in recent months.",{"type":573,"attrs":645,"content":646},{"textAlign":49},[647,649,655,657,663],{"text":648,"type":578},"EV sales growth ",{"text":650,"type":578,"marks":651},"has slowed",[652],{"type":593,"attrs":653},{"href":654,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/how-bad-is-the-electric-vehicle-slowdown",{"text":656,"type":578}," since last year, undershooting some automakers’ ambitious targets. As a result, 220 GWh of 2030 gigafactory pipeline capacity was cancelled between January and May of this year, according to Benchmark’s ",{"text":658,"type":578,"marks":659},"Gigafactory Assessment",[660],{"type":593,"attrs":661},{"href":662,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://www.benchmarkminerals.com/lithium-ion-batteries/capacity-database/gigafactory/",{"text":598,"type":578},{"type":573,"attrs":665,"content":666},{"textAlign":49},[667],{"text":668,"type":578},"Though the EV market grew by 20% in the first half of 2024 compared to the same period in 2023, most of this growth came from the Chinese market, according to data from Rho Motion. Chinese sales have risen 30% year-to-date, predominantly from plug-in hybrid (PHEV) sales.",{"type":573,"attrs":670,"content":671},{"textAlign":49},[672],{"text":673,"type":578},"Mercedes-Benz, Porsche, and GM have all dropped or pushed back EV targets, while Ford and VW have both delayed or cancelled new EV models.",{"type":628,"attrs":675,"content":676},{"level":630,"textAlign":49},[677],{"text":678,"type":578},"The US’s South Korean and Japanese connection ",{"type":573,"attrs":680,"content":681},{"textAlign":49},[682],{"text":683,"type":578},"Kelty emphasised the importance of partnering with cell manufacturers in his interview with Benchmark Source last month.",{"type":573,"attrs":685,"content":686},{"textAlign":49},[687,689,693],{"text":688,"type":578},"GM initially worked with LG Energy Solution, with the two companies forecast to have 140 GWh of lithium ion battery capacity from their three joint-owned facilities in 2030, according to Benchmark’s ",{"text":658,"type":578,"marks":690},[691],{"type":593,"attrs":692},{"href":662,"uuid":49,"anchor":49,"target":49,"linktype":596},{"text":694,"type":578},". 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",{"type":573,"attrs":716,"content":717},{"textAlign":49},[718],{"type":719,"attrs":720},"image",{"id":49,"alt":721,"src":722,"title":49,"source":49,"copyright":49,"meta_data":723},"","https://a.storyblok.com/f/287943243085208/52d44e8b0c/bm-japanese-and-south-korean-battery-manufacturers-stacked-column-chart.png",{},{"type":573,"attrs":725,"content":726},{"textAlign":49},[727],{"text":728,"type":578},"In 2030, Benchmark forecasts there will be 11 US-based gigafactories joint owned by US automakers and Japanese or South Korean battery manufacturers, producing more than 320 GWh of lithium ion batteries.","General Motors (GM) and Samsung SDI have finalised their plans to build a US gigafactory through a joint venture in Indiana, US, demonstrating US automakers’ confidence in long-term electric vehicle (EV) demand despite a recent slowdown in growth. 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