GM Exits Indiana Battery Plant Venture, Samsung SDI Takes Full Ownership

General Motors has sold its stake in a planned Indiana battery factory to partner Samsung SDI, making the site Samsung's first independently operated battery plant in North America. S. battery plant, joining operations in Ohio, Tennessee, and Michigan run with LG Energy Solution.

99 percent share, though the buyout price was not disclosed.

S. plants. The plant was originally slated to make prismatic cells for GM's future EVs, and Samsung confirmed it will continue working with GM to develop next-generation prismatic cells, noting the Indiana plant "could potentially" produce those batteries for GM later.

GM's exit follows a pattern of automakers pulling back from battery joint ventures. Last December, Ford handed full control of its Tennessee battery plant to SK On and took over two Kentucky factories, then ended a partnership with LG Chem. S. demand for energy storage systems. Details on production capacity were not provided.