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Samsung SDI Eyes EV Battery Plant In Illinois: Reuters

Author: Anusuya Lahiri | August 13, 2021 09:14am

Samsung Electronics Co Ltd (OTC:SSNLF) affiliate Samsung SDI Co Ltd (OTC:SSDIY) plans to build a battery plant in Normal, central Illinois, Reuters reported as per Senator Dick Durbin based on a press conference video.
Amazon.com Inc (NASDAQ:AMZN) backed electric-vehicle startup Rivian has a factory in Normal and said that Samsung SDI would supply battery cells for its vehicles in April.
Previously Reuters reported Samsung's battery plant plans and its plans to supply batteries manufactured at a potential U.S. factory with EV makers, including Stellantis NV (NYSE:STLA) and Rivian.

Posted In: AMZN SSDIY SSNLF STLA