Hyperdrive
Samsung Mulls US Battery Plant Despite Trump Anti-EV Stance
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South Korea’s Samsung SDI Co. said it’s weighing the idea of another manufacturing plant in the US, signaling optimism about the market’s growth despite President Donald Trump rolling back subsidies for electric vehicles.
The company, which supplies battery to General Motors Co. and Stellantis NV, is studying building a plant on its own in North America, Chief Executive Officer Joo Sun Choi told reporters in Seoul on Wednesday. It already has plans to build plants in collaboration with GM and Stellantis in Indiana and has already completed another facility with Stellantis.