Samsung partners with GM to develop batteries for next-gen EVs

Samsung’s battery manufacturing division, Samsung SDI, has announced that it has partnered with General Motors (GM) to jointly develop prismatic batteries for GM’s next-generation electric vehicle (EV) models. The South Korean tech giant says that these batteries will feature high energy density and fast charging. Samsung is also acquiring GM’s 49.99% share in its partnership […]

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Samsung’s $3.5 billion EV battery deal with GM hits pause

In August 2024, Samsung’s battery manufacturing division, Samsung SDI, and General Motors signed a $3.5 billion deal where the two companies would build a plant for manufacturing batteries for electric vehicles (EVs) in Indiana, USA. Unfortunately, the project may have been put on hold as the US carmaker may be rethinking its EV strategy due […]

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