General Motors Company (NYSE:GM) shares are trading slightly lower premarket Wednesday. Samsung SDI Co. (OTC:SSDIY) completed and finalized a deal with General Motors to form a joint venture (JV) to supply electric vehicle (EV) batteries in the U.S.
The partnership involves a $3.5 billion investment to build a battery cell manufacturing plant with an initial annual production capacity of 27 GWh, targeting mass production by 2027. The company anticipates future expansions to increase capacity to 36 GWh.
This joint venture will help Samsung SDI establish a presence in the North American EV market and expand its customer ...
