What is GM planning to do with its stake in the Indiana battery joint venture, and who is acquiring it?

GM is planning to sell its half of the planned $3.5 billion electric-vehicle battery joint venture in Indiana to partner Samsung SDI, which will buy the 680-acre property, take over the joint venture, and own the battery-making facility in New Carlisle, Indiana.

Why has construction at the Indiana battery plant slowed, and what broader industry trend does this reflect?

Construction at the plant has slowed amid weak demand for EVs, reflecting a broader pullback by GM and other automakers on EV manufacturing following the loss of the $7,500 federal tax credit last September; although automakers continue to build and sell EVs, they have lowered factory output to match current demand.

GM Plans to Sell Stake in Indiana Battery Venture to Samsung SDI

Aug 10, 2026

General Motors plans to sell its 50% stake in a $3.5 billion Indiana electric vehicle battery joint venture to Samsung SDI amid slowing EV demand, transferring ownership of the New Carlisle facility.

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GM Plans Sale of Indiana Battery Venture to Samsung SDI

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