LISTEN: GM Exits Joint Venture for $3.5B EV Battery Plant

Korean manufacturer Samsung SDI announced that it acquired General Motors’ stake in the SynergyCells joint venture. The collaboration had planned to build a $3.5 billion electric vehicle battery cell factory in New Carlisle, Indiana, with the American automaker holding a 49.99% stake. Samsung SDI attributed the decision to market changes since the joint venture’s conception in 2023, including…