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Samsung SDI Takes Full Control of $3.5B Indiana Battery Plant as EV Strategy Shifts
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Samsung SDI Takes Full Control of $3.5B Indiana Battery Plant as EV Strategy Shifts
Samsung SDI is taking full control of a $3.5 billion battery plant in Indiana after General Motors decided to exit its joint venture. The South Korean battery maker will acquire GM’s 49.99% stake in SynergyCells, the joint venture developing the facility in New Carlisle, Indiana. The move gives Samsung SDI full ownership of the project and its first independently operated battery production facility in North America. The companies originally pla…
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