Lates News

According to foreign media reports, General Motors is reportedly about to sell its 50% stake in a planned electric vehicle battery joint venture in Indiana to its partner Samsung SDI. Samsung SDI will acquire the 680-acre property, take over the joint venture, and own the battery production plant located in New Carlisle, Indiana. General Motors' exit from battery production is the latest move in the company's long-term strategic adjustment. Previously, GM had hoped to sell electric vehicles, but the demand for electric vehicles has not met expectations. Sources indicate that it is currently unclear how Samsung SDI will handle the plant.