General Motors is reportedly preparing to sell its stake in a planned electric-vehicle battery joint venture in Indiana to its partner Samsung SDI. The reports say GM would transfer its 50% share of the venture, which was outlined with an overall investment of about $3.5 billion.
The information is attributed to people familiar with the matter and is reported by Bloomberg, with coverage also noting that Samsung SDI would become the buyer of GM’s portion. The timing, whether the sale is subject to regulatory review, and the final structure or price are not detailed in the available summaries.
Across outlets, the core points remain consistent: GM and Samsung SDI are connected to an Indiana-based battery effort, GM holds half of the planned venture, and the next step under discussion is GM’s sale of its share to Samsung SDI. No source in the provided materials cites official confirmation from either company.
