ET 14:45

Stellantis Considers Exiting Samsung SDI Battery JV Amid EV Write-Downs

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Stellantis NV is exploring a potential exit from its U.S. battery joint venture with Samsung SDI Co. as broader electric-vehicle losses mount, according to a Bloomberg News report dated February 10, 2026, citing multiple sources. The automaker has already announced writedowns exceeding $26.5 billion, pressuring its shares as traditional OEMs reassess EV strategies. No final decision on the divestiture has been made, and the report indicates the process could be costly and time-consuming. Stellantis has not yet responded publicly, though a statement from the company to Bloomberg suggested ongoing discussions with Samsung on the future of their StarPlus Energy joint venture.

EditorTan Wei Jie