South Korea's Samsung SDI says to buy GM's share in battery joint venture
11/08/2026 05:30
South Korea's Samsung SDI says to buy GM's share in battery joint venture SEOUL, Aug 11 (Reuters) - South Korean battery maker Samsung SDI 006400.KS said on Tuesday it will end a joint venture agreement with General Motors GM.N and acquire GM's 49.99% stake in SDI-GM Synergy Cells Holdings.
Samsung SDI said in a regulatory filing that it plans to solely operate the company to respond to market demand, including for ESS and EV batteries.
Samsung SDI said that specific changes to its investment plan have not been finalised.
(Reporting by Joyce Lee
Editing by Ed Davies)((joyce.lee@tr.com;))
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