Samsung Buys Out General Motors’ Stake in St. Joseph County Battery Plant
Samsung will co-develop prismatic batteries with General Motors and use the plant for energy storage and electric vehicle production.
- On Tuesday, August 11, 2026, Samsung SDI acquired General Motors' 49.99% stake in the SynergyCells electric vehicle battery plant near New Carlisle, Indiana, becoming its first wholly owned battery manufacturing factory in North America.
- Slower-than-Anticipated electric vehicle demand prompted GM to revise its electrification strategy, following similar dissolutions of battery joint ventures by Ford Motor Co. and Stellantis in North America.
- St. Joseph County Council Member Joe Thomas stated, "I'm glad to see the building is not going to stay empty," as the plant is expected to provide around 1,600 jobs upon completion.
- Despite the divestment, GM and Samsung signed a new agreement to co-develop high-energy-density prismatic batteries while pivoting the location toward stationary energy storage system batteries for AI data centers.
- South Bend Regional Chamber President Jeff Rea noted the project faced uncertainty when tax credits changed in Washington, D.C., though the acquisition now provides clarity for the site originally planned as part of a $3.5 billion investment.
10 Articles
10 Articles
Samsung SDI has acquired the entire stake in its battery joint venture with GM and will operate it as a sole production base in North America. In response to the stagnation of the electric vehicle market, GM is restructuring its investments, while Samsung SDI is pursuing a strategy of diversifying its customer base and expanding the production of ESS beyond batteries. Both companies plan to continue technological cooperation and focus on the joi…
Samsung partners with GM to develop batteries for next-gen EVs
Samsung’s battery manufacturing division, Samsung SDI, has announced that it has partnered with General Motors (GM) to jointly develop prismatic batteries for GM’s next-generation electric vehicle (EV) models. The South Korean tech giant says that these batteries will feature high energy density and fast charging. Samsung is also acquiring GM’s 49.99% share in its partnership with Synergy Cells, which the two companies had established in 2024 t…
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
