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,…
Samsung SDI and General Motors have entered into a joint agreement to develop advanced prismatic battery cells for electric vehicles. The partnership aims to create batteries with high energy density and rapid charging capabilities. In addition to the joint development, Samsung SDI has taken over GM's 49.99% stake in SynergyCells, a U.S. joint venture started in Indiana.
This acquisition signifies a shift in the battery market, as the two companies are now concentrating on alternative forms of collaboration instead of maintaining the joint venture. With this move, Samsung SDI will hold its first independently operated battery production facility in North America, which will be used to manufacture advanced batteries for various applications. Currently, the battery plant is under construction and is expected to be completed soon.
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
