Samsung SDI to lend $1.05 billion to Stellantis JV StarPlus Energy

Mădălin Mihai

SEOUL, March 31 : 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. The report came after Stellantis announced more than $26.5 billion in

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