Samsung SDI has agreed to acquire the full 49.99% stake in the joint venture SynergyCells from General Motors (GM), transferring ownership to itself. This move allows Samsung SDI to secure its first standalone battery plant in North America.
On August 11, Samsung SDI announced that through the acquisition of SynergyCells, it plans to mass-produce advanced battery products for various applications, including next-generation prismatic batteries developed in collaboration with GM.
SynergyCells is a battery production company established by the two firms in 2024, with a total investment of $3.5 billion, located in New Carlisle, Indiana, and is currently under construction with a production capacity of 27GWh.
This decision is aimed at responding flexibly to changes in the North American battery market, and both companies have agreed to maintain their strategic partnership following the stake acquisition.
Samsung SDI has also signed an agreement with GM for a joint pre-development project for next-generation prismatic batteries. Under this agreement, both companies will collaborate on research and development (R&D) for prismatic batteries utilizing Samsung SDI's high energy density and fast-charging technologies, continuing their strategic cooperation to address the future mobility market.
The prismatic battery products developed through this agreement are expected to be used in GM's next-generation electric vehicle models.
A company official stated, "Acquiring the stake and operating a standalone plant is significant. This decision reflects market changes while continuing our strategic partnership with GM. We will continue our joint efforts for the future electric vehicle era at this plant while actively responding to the demand for energy storage systems (ESS) in the U.S."
* This article has been translated by AI.
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