GM Plans Sale of Indiana Battery Venture to Samsung SDI for $3.5 Billion
Deals·1 article across 1 outlet
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General Motors Co. 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.
The sale reflects GM's strategy to streamline its operations in the electric vehicle sector while continuing to collaborate with Samsung SDI on battery technology.
General MotorsSamsung SDI
Sources
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“General Motors Co. 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.”
Bloomberg — GM Said to Plan Sale of Indiana Battery Venture to Samsung SDI