General Motors Co. sells 49.99% stake in Indiana EV battery joint venture to Samsung SDI Co.
Type: Sale · Technology: Storage, Other · Country: United States · Value: $3.5B · Announced: 2024-12-05
General Motors agreed to sell its 49.99% stake in a planned $3.5 billion Indiana electric vehicle and energy storage battery plant to Samsung SDI, which will operate the facility as a wholly owned entity and continue jointly developing next-generation prismatic EV batteries with GM.
Counterparties
- Samsung SDI Co., Ltd (Buyer)
- General Motors Company (Seller)
📈 The Sherpa Signal — one notable infrastructure deal a day.
📘 Sherpa Guides — practitioner guides to developing, financing and acquiring infrastructure.