GM Partners With Samsung for a $1 Billion Electric Vehicle Battery Factory
General Motors Co. and Samsung SDI announced plans on Tuesday to build a $3 billion joint-venture electrical vehicle (EV) battery plant in the United States.
The news comes as South Korean president Yoon Suk Yeol is in Washington to meet President Joe Biden on what is the first state visit to the United States by a South Korean leader in 12 years.
Yoon, who has made business opportunities a cornerstone of his foreign policy visits, is accompanied on the U.S. visit by more than 100 executives from South Korea’s biggest companies, including Samsung Electronics executive chairman Jay Y. Lee and Hyundai Motor Group executive chair Euisun Chung….