KSE - Delayed Quote KRW

Samsung SDI Co., Ltd. (006405.KS)

143,000.00

+1,700.00

+(1.20%)

At close: 3:30:30 PM GMT+9

Biden Offers $7.5 Billion for Samsung SDI-Stellantis Hub

(Bloomberg) -- A joint venture between Samsung SDI Co. and Stellantis NV to create battery manufacturing plants in Indiana is being offered $7.5 billion in financing from the Biden administration.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe conditional loan to Sta

Bloomberg last month

STLAM.MI

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RIVN
Stellantis' EV Subsidiary, Samsung SDI Battery Project Receives Tentative Approval for $7.54 Billion in Loan Funding

Stellantis' (STLA) FCA US subsidiary and Samsung SDI, in a joint venture called StarPlus Energy, hav

PREMIUM
MT Newswires last month

STLAM.MI

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US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture

WASHINGTON (Reuters) -The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana. The conditional commitment award must still be finalized and includes $6.85 billion in principal and $688 million in capitalized interest for the StarPlus Energy joint venture. The venture will build batteries in Kokomo, Indiana, for Stellantis electric vehicles and at full capacity will produce about 67 GWh of batteries, enough to supply approximately 670,000 vehicles annually, the Energy Department said.

Reuters last month

STLAM.MI

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Samsung SDI Co Ltd (FRA:XSDG) Q3 2024 Earnings Call Highlights: Navigating Challenges and ...

Despite a challenging quarter, Samsung SDI Co Ltd (FRA:XSDG) focuses on strategic partnerships and innovation to drive future growth.

GuruFocus.com 2 months ago

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Stellantis recalls 154K hybrid Jeep models for battery fire risk

Owners are advised to park their vehicles outside and away from structures, and not to recharge their vehicle’s battery until the issues are addressed.

Automotive Dive 3 months ago

STLAM.MI

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Samsung SDI to sell polarizing film business to Chinese firm for $836 million

South Korean battery maker Samsung SDI said on Tuesday it had decided to sell its polarizing film business to China's Wuxi Hengxin Optoelectronic Materials for 1.12 trillion won ($836.47 million). Samsung SDI said in a regulatory filing the sale includes the manufacturing and sales of polarizing films in the South Korean regions of Cheongju and Suwon, as well as 100% of its overseas unit at Wuxi, China. The battery maker said the department making the divestment plans to focus on materials for semiconductors, organic light-emitting diode (OLED), and batteries going forward, to enhance competitiveness and maximize synergy with the battery business through continuous investment.

Reuters 4 months ago

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General Motors & Samsung SDI to Invest $3.5B in US Battery Plant

GM and Samsung SDI are set to invest $3.5 billion to construct an EV battery plant with an annual capacity of up to 36 gigawatt-hours in northern Indiana.

Zacks 4 months ago

GM

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GM Delays Indiana EV Battery Plant To 2027

General Motors is pushing back the start of production at its Indiana battery plant by a year to 2027, the latest retreat by the largest U.S. automaker on softer-than-expected electric vehicle (EV) demand.

Investopedia 4 months ago

GM

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GM finalises EV battery plant agreement with Samsung SDI

South Korean electric vehicle (EV) battery manufacturer Samsung SDI and US automaker General Motors (GM) have jointly announced they have signed a final agreement to establish a new US3.5bn EV battery manufacturing joint venture in the US. The two companies had signed a preliminary agreement last year, to set up a battery manufacturing joint venture…

Just Auto 4 months ago

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GM
Samsung SDI finalizes deal with GM to build $3.5 billion joint EV battery factory in US

SEOUL/WASHINGTON (Reuters) -South Korea's Samsung SDI said on Wednesday it has completed an agreement with General Motors to build a joint electric vehicle (EV) battery factory in the U.S. state of Indiana. The two companies will invest about $3.5 billion to build a battery cell manufacturing plant with an annual production capacity of 27 gigawatt hours (GWh) initially, Samsung SDI said in a statement. Shares of Samsung SDI rose as much as 3.2% in morning trade, versus benchmark KOSPI's 0.3% fall.

Reuters 4 months ago

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Samsung SDI, SKKU collaborate in skills development

The two organisations signed a memorandum of understanding

Just Auto 5 months ago

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Performance Overview

Return	006405.KS	KOSPI Composite Index
YTD	-1.99%	+5.33%
1-Year	-35.00%	+1.20%
3-Year	-56.97%	-13.50%

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Samsung SDI Co., Ltd. (006405.KS)

Biden Offers $7.5 Billion for Samsung SDI-Stellantis Hub

Stellantis' EV Subsidiary, Samsung SDI Battery Project Receives Tentative Approval for $7.54 Billion in Loan Funding

US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture

Samsung SDI Co Ltd (FRA:XSDG) Q3 2024 Earnings Call Highlights: Navigating Challenges and ...

Stellantis recalls 154K hybrid Jeep models for battery fire risk

Samsung SDI to sell polarizing film business to Chinese firm for $836 million

General Motors & Samsung SDI to Invest $3.5B in US Battery Plant

GM Delays Indiana EV Battery Plant To 2027

GM finalises EV battery plant agreement with Samsung SDI

Samsung SDI finalizes deal with GM to build $3.5 billion joint EV battery factory in US

Samsung SDI, SKKU collaborate in skills development

Performance Overview