Stellantis Considers Selling U.S. Battery Joint Venture With Samsung as EV Losses Mount
Stellantis NV is reportedly exploring an exit from its U.S. battery joint venture with Samsung SDI Co. as the automaker pares back electric vehicle ambitions following more than $26.5 billion in writedowns. No final decision has been reached and an exit could prove costly and time-consuming, with Stellantis continuing discussions with Samsung on th…