11-August-2026
Corporate News
 
South Korea's Samsung SDI to Buy Out GM's Stake in Battery Joint Venture
11-Aug-2026

South Korean battery maker Samsung ?SDI ?said on Tuesday it will ?end its joint venture agreement with General Motors in Indiana ?and acquire the U.S. firm's 49.99% stake, citing weaker-than-expected electric vehicle demand.

News Source:- https://money.usnews.com/investing/news/articles/2026-08-11/gm-plans-to-sell-its-half-of-indiana-battery-venture-to-samsung-sdi-bloomberg-news-reports