General Motors (GM) Stock: Drops as Samsung SDI Takes Full Control of Indiana Battery Plant

TLDR GM stock drops 2.89% as Samsung SDI takes full control of Indiana battery plant. Samsung SDI acquires GM’s 49.99% stake in the $3.5 billion Synergy Cells venture. GM reduces direct battery manufacturing exposure as US electric vehicle demand slows. Samsung SDI plans to initially use the Indiana factory for energy storage batteries. GM and [...]

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