3 stories tagged indiana on EV Digest.
General Motors has announced its decision to sell its share in the upcoming Indiana battery cell manufacturing facility to its joint venture partner, Samsung SDI. This move consolidates Samsung SDI's control over the Kokomo-based plant, which is crucial for supplying batteries for future GM electric vehicles.
Samsung SDI is acquiring General Motors' stake in their Indiana battery plant, effectively ending the automaker's ownership in the $3.5 billion facility. This move establishes the New Carlisle factory as Samsung SDI's first wholly-owned battery manufacturing site in North America, signaling a strategic shift for both companies in the EV battery supply chain.
General Motors has sold its stake in the planned $3.5 billion battery cell manufacturing joint venture with Samsung SDI in New Carlisle, Indiana. This move leaves Samsung SDI as the sole owner and operator of the future gigafactory, which is still expected to bring significant battery production capacity to the Midwest.
