GM to sell EV battery joint venture stake to Samsung SDI
General Motors is poised to sell its half of a planned $3.5 billion electric-vehicle battery joint venture in Indiana to partner Samsung SDI, according to people familiar with the matter. Samsung SDI is set to buy the 680-acre property, assume ownership of the joint venture and own the battery-making operations. The transaction would transfer responsibility for a large planned battery investment from GM to Samsung SDI, potentially altering investment, production planning and supply-chain arrangements tied to the $3.5 billion project as ownership consolidates under Samsung.
Samsung SDI set to buy GM's half of the $3.5 billion joint venture
Context
A planned $3.5 billion joint venture in Indiana was under shared ownership. Now GM is…
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