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Samsung SDI Acquires GM's Shares in the US Battery Plant
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Samsung SDI is restructuring its joint battery plant with General Motors in Indiana, acquiring the US automaker's entire stake. The South Korean battery manufacturer announced it will purchase GM's 49.99 percent share in the existing partnership and operate the plant as a wholly owned subsidiary under the name SDI-GM Synergy Cells Holdings. Samsung SDI cited weaker-than-expected demand for electric vehicles as the reason for the move. The new un…
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