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The Latest Breaking News from Samsung SDI

US commits to $7.54 billion loan for Stellantis venture to build 2 electric vehicle battery plants

A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana

The Independent UK

GM’s $3.5B Indiana EV Battery Plant Is Official–But Delayed

The joint venture between General Motors and Samsung SDI will manufacture prismatic cells for Ultium-based EVs.

InsideEVs

GM delays Indiana electric vehicle battery factory but finalizes joint venture deal with Samsung

Production at an electric vehicle battery cell plant jointly run by General Motors and Samsung SDI has been delayed as EV sales have slowed in the U.S. The companies finalized their agreement Tuesday to jointly run the new factory in New Carlisle, Indiana, near South Bend, but said production would…

The Independent UK

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Samsung Finalizes Deal With GM To Build EV Battery Factory In US

The two companies plan to invest approximately $3.5 billion in the construction of the battery cell manufacturing facility.

International Business Times

UAW Demands May Jeopardize Detroit And Korea's $28B Battery Plants

Detroit Three's South Korean partners are reportedly getting nervous because of substantial wage increases the UAW demands for U.S. battery plant workers.

InsideEVs

Stellantis, Samsung SDI To Invest $3.2B In Second Indiana Battery Plant

The companies' StarPlus Energy joint venture will have a combined annual production capacity of 67 gigawatt-hours from both Kokomo battery cell plants.

InsideEVs

Stellantis picks Kokomo, Indiana, for its second U.S. battery venture with Samsung SDI

The new $3.2 billion venture will begin production in 2027 and create 1,400 new jobs, executives with both firms say. Another Kokomo battery plant will start production in 2025.

Chicago Sun-Times

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Samsung SDI: 46xx Batteries Performance Target Achieved Earlier Than Planned

Samsung SDI aid that the 46xx batteries achieved target performance earlier than planned and the company "started preparation of sample for customer".

InsideEVs

Two Tesla Rivals Are Teaming Up in a Key Race to Solve a Major Pain Point

Stellantis, home to such brands as Jeep, Chrysler, and Dodge, takes the next step in its bid to become carbon neutral by 2038.

The Street

Stellantis, Samsung SDI To Build A Second Battery Plant In The US

A second factory for EV battery production is planned from a partnership between Stellantis and Samsung. Here are the details.

InsideEVs

GM, Samsung SDI Building $3 Billion EV Battery Plant in Indiana

The facility is scheduled to begin operations in 2026 and create 1,700 manufacturing jobs.

The Street

GM And Samsung SDI's Battery JV To Be Located In Indiana

General Motors and Samsung SDI's joint venture battery factory will be built in Indiana, the governor Eric Holcomb revealed on Tuesday.

InsideEVs

Is General Motors (GM) the Auto Stock Buy of June?

General Motors (GM) reported strong sales growth during the first quarter and updated its guidance for fiscal 2023. With the auto industry expected to grow strongly this year, will it be wise to buy the stock now? Read more….

StockNews.com

GM receives tax incentives to support potential $3.5 billion Indiana battery plant

An Indiana county council on Tuesday evening approved tax incentives for a $3.5 billion battery plant investment by General Motors Co. and battery partner Samsung SDI.

Tribune News Service

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StockNews.com

3 Stocks Committed to Renewable Energy: Should You Buy, Sell, or Hold?

Amid the renewable energy sector's accelerated progress due to the global energy crisis, various economic and geopolitical headwinds could hinder its progress. Given this, which of the three sector-committed stocks, General Motors (GM), NextEra Energy (NEE), and Hannon Armstrong (HASI), should investors buy, sell, and hold? Let’s find out….

InsideEVs

GM And Samsung SDI Announce $3 Billion Battery Cell Plant In US

GM and Samsung SDI plan to jointly operate the facility, which is expected to build nickel-rich prismatic and cylindrical cells starting from 2026.

The Independent UK

GM, Samsung plan new EV battery cell factory in US

General Motors and South Korea's Samsung SDI say they plan to invest more than $3 billion in building a new electric vehicle battery cell plant in the United States

TechRadar

Samsung Galaxy S24 battery life could shift up a gear thanks to electric car tech

Samsung is reportedly developing electric vehicle-style batteries for smartphones, that could offer up to a 10% boost.

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InsideEVs

Stellantis And Samsung SDI's Battery Factory Construction Now Underway

Stellantis and Samsung SDI released a quick update, related to their battery joint venture in Indiana, where the two partners are building a new factory.

InsideEVs

Report: GM To Partner With Samsung SDI On Cylindrical Batteries

According to more and more media reports, General Motors is expected to announce a new EV battery-related partnership with Samsung SDI.

InsideEVs

Report: Samsung SDI To Expand Its Battery Pack Production In Michigan

According to The Elec, Samsung SDI intends to expand its battery pack manufacturing capacity in Michigan, at the facility acquired in 2015 from Magna Steyr.

InsideEVs

Report: Samsung SDI To Finalize 46xx Round Battery Spec In Next Year

Samsung SDI's works on the all-new 46xx-type cylindrical battery cells progresses towards series production.

InsideEVs

Official: BMW To Use Round Battery Cells, 6 Gigafactories Confirmed

The BMW Group has released a major announcement regarding lithium-ion batteries for its upcoming next-generation Neue Klasse electric cars, scheduled for 2025.

InsideEVs

BMW Recalls 83 i4 and iX Electric Vehicles Over Battery Fire Risk

The battery pack cells in these vehicles could have suffered a defect during manufacturing by supplier Samsung SDI.

InsideEVs

Report: Samsung SDI Is Preparing Pilot Line For Tesla 4680 Batteries

A new unofficial report from South Korea says that Samsung SDI is preparing a pilot production line for Tesla's 4680-type cylindrical battery cells.

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