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GM exits $3.5B Indiana battery plant as Samsung SDI takes full control
Samsung SDI is buying out GM's 49.99% stake in their $3.5B Indiana battery plant, taking full control as slower US EV demand reshapes both companies' plans.
AI Summary
Samsung SDI is taking full control of its Indiana battery plant by buying out General Motors’ 49.99% stake in the joint venture, according to a regulatory filing. The purchase ends GM’s ownership in the $3.5 billion factory. The New Carlisle, Indiana plant will become Samsung SDI’s first wholly owned battery factory in North America.
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