🌍✨ Samsung SDI buys out GM’s stake in the Indiana battery plant, which will make ESS cells
Why we’re watching: Samsung SDI has acquired the 49.99% stake General Motors held in SynergyCells, the battery joint venture the two companies established in New Carlisle, Indiana.
Samsung SDI describes the plant as its first independently operated battery production base in North America. 💚
The two also signed a new joint development agreement covering prismatic cells for potential future EV applications.
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🔭 What to watch next
- 📌 Key signal: Samsung SDI has acquired the 49.99% stake General Motors held in SynergyCells, the battery joint venture the two companies established in New…
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Reporting curated for GreenTV. Original reporting via Charged EVs.