GM to sell stake in Indiana EV battery venture to Samsung
Samsung will buy GM’s 49.99% stake in the venture and operate it as a wholly owned entity, the South Korean battery maker said in a statement Aug. 11.
Samsung will buy GM’s 49.99% stake in the venture and operate it as a wholly owned entity, the South Korean battery maker said in a statement Aug. 11.
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Why it matters
GM selling its 49.99% stake in an Indiana EV battery venture to Samsung is a routine corporate divestiture without immediate broad market or regulatory impact, primarily affecting the companies involved.