Samsung SDI And GM Sign New Prismatic Battery Agreement As Samsung SDI Acquires GM's Stake In Indiana JV For ESS Production

General Motors Company
SAMSUNG ELECTRONICS CO

General Motors Company

GM

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SAMSUNG ELECTRONICS CO

SSNLF

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  • Companies sign new joint development agreement for next-generation prismatic batteries
  • SAMSUNG SDI acquires GM’s stake in the joint venture plant in New Carlisle, Indiana, making it the company’s first wholly-owned plant in North America
  • Responding to the changing market demand, SAMSUNG SDI plans to utilize the plant for production of batteries for energy storage systems
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