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In December 2022, DOE finalized a $2.5 billion low-cost loan to a joint venture of General Motors Co and LG Energy Solution to help pay for three new lithium-ion battery cell manufacturing ...
SB LiMotive was a 50:50 joint company of Bosch and Samsung SDI founded in June 2008. The joint venture developed and manufactured lithium-ion batteries for use in hybrid-, plug-in hybrid vehicles and electric vehicles. It was officially ended in September 2012 with both companies focusing on automotive batteries alone.
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.
Samsung SDI operates its business with Energy Solutions and Electronic Materials segment. The Energy Solution segment manufactures rechargeable batteries used for IT device, automotive, and Energy Storage System (ESS) applications, and the Electronic Materials segment produces materials for semiconductors and displays.
Stellantis NV and Samsung SDI plan to announce on Tuesday they will build a new battery plant in Indiana as the Chrysler-parent ramps up electric vehicle production plans, sources briefed on the ...
LG Chem produced Korea's first lithium-ion battery in 1999 and began supplying automotive batteries for the Chevrolet Volt produced by General Motors in the late 2000s. Later, the company became a battery supplier to global car makers, including Ford, Chrysler, Audi, Renault, Volvo and SAIC Motor. [2] [3]