Samsung SDI takes full control of $3.5B Indiana EV battery plant

Samsung SDI is acquiring General Motors' remaining 49.99% stake in their New Carlisle, Indiana joint venture, making it Samsung's first wholly owned battery manufacturing facility in North America.

First covered Aug 11, 2026 · 6:12 AM PT · 1 article

Samsung SDI takes full control of $3.5B Indiana EV battery plant — Image via electrek.co

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6h Electrek GM exits $3.5B Indiana battery plant as Samsung SDI takes full control — Samsung SDI is taking full control of its Indiana battery plant. The South Korean cell maker is buying out General Motors’ 49.99% stake in their joint venture,…

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Appeared in: 2026-08-11 (#5)

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