Stellantis Seeks to Exit Battery Venture With Samsung as EV Losses Mount

Stellantis NV is looking to exit its US battery joint venture with South Korea’s Samsung SDI Co. as the automaker unwinds electric-vehicle bets and tries to preserve cash after announcing...

By Gabrielle Coppola, Albertina Torsoli · Bloomberg Markets

Stellantis NV is looking to exit its US battery joint venture with South Korea’s Samsung SDI Co. as the automaker unwinds electric-vehicle bets and tries to preserve cash after announcing more than €22 billion ($26 billion) in writedowns last week.