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GM exits $3.5B Indiana battery plant as Samsung SDI takes full control

11 August 2026 at 14:12

Samsung SDI is taking full control of its Indiana battery plant. The South Korean cell maker is buying out General Motors’ 49.99% stake in their joint venture, according to a regulatory filing, ending GM’s ownership in the $3.5 billion factory.

That turns the New Carlisle, Indiana plant into Samsung SDI’s first wholly owned battery factory in North America.

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