Samsung SDI takes over Indiana plant as GM partnership evolves

Samsung SDI will buy General Motors’ entire stake in their $3.5 billion Indiana battery joint venture, giving the Korean battery maker its first wholly owned production plant in North America. The company said Tuesday it plans to acquire GM’s 49.99 percent stake in SynergyCells, taking full ownership of the venture. It did not disclose the purchase price or expected completion date. Established in 2024, SynergyCells is building a battery cell plant in New Carlisle, Indiana, with an annual produc