Samsung SDI and General Motors to form a $3.5bn EV battery joint venture.

Samsung SDI, a battery and electronic materials manufacturer, and General Motors, an American multinational automotive manufacturing company, to form a $3.5bn EV battery joint venture. “Building on last year's partnership with GM, the No. 1 automaker in North America, we have established a premium battery production hub to lead the U.S. EV market.” Yoon-ho Choi, SAMSUNG SDI CEO.