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The Latest Breaking News from Samsung SDI

GM Exits Planned $3.5B Battery Factory, Leaving Samsung SDI In Full Control

The two companies’ joint venture in Indiana is dead, but Samsung SDI still wants to build batteries there.

InsideEVs

Mercedes and Samsung SDI sign first EV battery supply deal

South Korean battery maker Samsung SDI said on Monday that it clinched its first agreement for the supply of EV batteries with German luxury carmaker Mercedes-Benz.

Euronews

European Service Company Says Tesla Model 3/Y Units With Chinese LG Batteries Face 'Catastrophic' Failure

A European service provider and researcher based in Croatia has shared that Tesla Inc. (NASDAQ:TSLA) Model Y and Model 3 units with LG Energy Solutions' China-made NMC (Nickel Manganese Cobalt) batteries are prone to ‘catastrophic' failure following the EV giant's $4.3 billion deal earlier this year.

Benzinga

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Tesla's New Battery Patent Could Be Key Breakthrough In Improving Efficiency Even At High Temperatures— Will This Help Expand Robotaxis?

A new patent filed by Tesla Inc. (NASDAQ:TSLA) could provide a key breakthrough in improving battery performance and efficiency, especially in high temperatures.

Benzinga

Tesla Is Set to Buy $2 Billion in Energy Storage Systems Batteries. What Does That Actually Mean for TSLA Stock?

What does Tesla’s reported $2 billion battery deal with Samsung SDI actually mean for its stock?

Barchart

BMW Just Found A New Partner To Boost Its Solid-State Battery Dreams

The finish line is still far away, but solid-state battery development is in full swing at BMW.

InsideEVs

Stellantis Recalls Over 320,000 Jeep Plug-In Hybrids Amid Fire Risk Concerns

Stellantis recalls 320,000+ Jeep 4xe hybrids after reports of unexplained fires, urging owners to park outside until a fix for the battery issue arrives.

International Business Times

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Trump wanted Korean battery builders to stay. How dependent is Europe on Korean EV battery makers?

Europe heavily relies on South Korean-run factories for EV batteries. About 75 per cent of existing battery cell manufacturing capacity in Europe is owned by Korean companies, 50 per cent of which is owned by LG, according to the International Energy Agency.

Euronews

The U.S. Can ‘Absolutely’ Break Its EV Battery Dependence From China

Panasonic says the U.S. has a chance to become the “front-runner” in locally produced electric vehicle batteries.

InsideEVs

GM Is Bringing LFP Battery Production To America: Report

GM’s battery suppliers LGES and Samsung SDI are reportedly working to bring LFP battery production stateside.

InsideEVs

GM, Toyota, Stellantis Back New Bill To Weaken Fuel Economy Rules

There are two polite words to describe President Trump’s auto industry policies: uncertain and self-contradictory. He claims he wants to revitalize the car industry, which was already thriving under the previous administration. But the approach involves tariffs that could gut American manufacturing jobs.

InsideEVs

What's Next For Lucid Motors

I have to admit that I wasn't expecting yesterday's Lucid Motors' fourth-quarter earnings call to be an especially interesting one. The company has its marching orders: ramp up production of the Lucid Gravity SUV in particular, double car production overall and move its groundbreaking electric vehicle technology to a new…

InsideEVs

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

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The Independent UK

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…

International Business Times

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.

InsideEVs

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.

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Chicago Sun-Times

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.

InsideEVs

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

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 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.

StockNews.com

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….

Tribune News Service

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.

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….

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