finance.yahoo.com

Samsung SDI ends GM SynergyCells deal as Ford expands Lincoln production

Samsung SDI logoSamsung SDI
Sig3.20Sen+2.50Env0.00Soc0.00Gov0.00
Ford logoFord
Sig3.24Sen+1.35Env-1.18Soc+2.46Gov+0.62
General Motors logoGeneral Motors
Sig3.15Sen-1.90Env-1.10Soc0.00Gov0.00

Ford will boost US Lincoln production from 2030 and phase out China imports, aiming for thousands of US jobs, while General Motors’ battery plans shift as Samsung SDI acquires GM’s 49.99% stake in SynergyCells, ending a $3.5B US battery JV. The move comes as GM separately commits $4.5B to a parts-supply safety net, suggesting EV retrenchment.

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