Samsung SDI to Acquire GM's Stake in Indiana Battery JV

1. 1Samsung SDI (006400.KS) will acquire GM's 49.99% stake in its Indiana battery joint venture with General Motors (GM).
2. 2Through the wholly-owned subsidiary SDI-GM Synergy Cells Holding, the company plans to address battery demand across multiple applications, including ESS and EVs.
3. 3The move cites a slowdown in EV demand growth as the reason, and Samsung SDI has separately agreed with GM to co-develop next-generation prismatic batteries.

Source Reuters +4 · View original ↗

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