Samsung SDI to lend $1.05 billion to Stellantis JV StarPlus Energy
South Korea’s Samsung SDI said it plans to lend 1.6 trillion won ($1.05 billion) to StarPlus Energy, its battery joint venture with Stellantis.
The company said in a regulatory filing that the loan would be used to fund capital investment.
Last month, Bloomberg reported that Stellantis was looking to exit its U.S. battery joint venture with Samsung SDI as the automaker scales back its electric vehicle plans.
