GM, Stellantis Supplier Samsung SDI Weighs New US Battery Plant Amid Trump's EV Policy Shift

Quick Summary:

Samsung Electronics Co (OTC:SSNLF) owned battery and electronic materials manufacturer Samsung SDI Co explored building another manufacturing plant in the U.S.as it chased mid-to-long-term growth.

The General Motors Co (NYSE:GM) and Stellantis NV (NYSE:STLA) supplier is weighing building a plant independently in North America, CEO Joo Sun Choi told Bloomberg Wednesday.

Samsung SDI’s move coincides with President Donald Trump’s plans to scrap $7,500 electric vehicle credit.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesIndiaSouth KoreaTaiwan

Topics: Tech Media SSNLF Benzinga Briefs US37045V1008 GM STLA News Stories That Matter Top Stories

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 13:49:27 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 351 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26680023

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 19 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions