Samsung SDI, GM to jointly develop next-generation EV batteries
Samsung SDI said Tuesday it has signed an agreement with General Motors (GM) to jointly develop next-generation prismatic battery cells for potential use in future electric vehicles (EV). Under the agreement, the two companies will codevelop prismatic batteries designed to offer high energy density and fast-charging capabilities, extending their partnership in EV development. As part of the deal,…
Two major companies, Samsung SDI and General Motors, have announced a joint venture to develop advanced electric vehicle (EV) batteries. The agreement aims to create high-energy-density prismatic battery cells, which will offer faster charging capabilities. This collaboration signifies a shift in the battery market, as Samsung SDI has acquired GM's 49.99% stake in their previously established joint venture, SynergyCells, in Indiana.
This move comes after slower-than-expected growth in EV demand. The acquisition allows Samsung SDI to establish its first independently operated battery production facility in North America, where the company plans to manufacture batteries for various applications. The construction of this battery plant is ongoing, and once completed, it will significantly contribute to the companies' shared goal of advancing EV technology.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Samsung SDI, GM to jointly develop prismatic EV batteries en.yna.co.kr
- Samsung SDI, GM to jointly develop next-generation EV batteries koreatimes.co.kr
