Samsung SDI Gains Full Control of GM’s Indiana Battery Plant
Samsung SDI acquired GM’s 49.99% stake in their SynergyCells joint venture, giving sole ownership of the first North American facility in New Carlisle, Indiana, where construction is underway. The plant will initially make batteries for US energy storage systems, while a joint development agreement targets next-generation prismatic cells that could also be produced at the site. Separately, GM extended its SAIC Motor JV to 2047.
Coverage (13)
- Why Is General Motors Resuming EV Battery Production in Ohio? (finance.yahoo.com)
- Why General Motors exited one battery venture and kickstarted another (freep.com)
- Why Is General Motors Exiting Its Indiana Battery Joint Venture? (theglobeandmail.com)
- Samsung SDI acquires GM’s stake in EV battery plant in Indiana (wardsauto.com)
- Why Is General Motors Exiting Its Indiana Battery Joint Venture? (finance.yahoo.com)
- Samsung SDI acquires GM’s stake in EV battery plant in Indiana (finance.yahoo.com)
- Samsung SDI Buys GM’s Stake in Indiana Battery Venture (mexicobusiness.news)
- Samsung SDI takes full control of GM’s Indiana battery plant (finance.yahoo.com)
- GM exits $3.5B Indiana battery plant as Samsung SDI takes full control (electrek.co)
- Samsung SDI Buys GM’s Indiana Battery Stake, Turns Blank-Slate Shell Into US Grid Base (techtimes.com)
- Samsung SDI Acquires Full Ownership of GM Battery Joint Venture, Pivots to Energy Storage Market (finance.biggo.com)
- South Korea's Samsung SDI to buy out GM's stake in battery joint venture (cnbc.com)
- Samsung SDI, GM to develop next (upi.com)