Stellantis Eyes Exit From Samsung SDI Battery JV Amid EV Write-Downs

Stellantis NV is exploring a strategic exit from its U.S. battery joint venture with Samsung SDI Co. as the automaker seeks to preserve cash amid more than €22 billion in writedowns and a broader pullback from electric-vehicle investments. The automaker, owner of Jeep and Ram, has not yet finalized a decision on the Indiana-based venture, though a sale of its stake to a third party is a possibility. The move follows its $100 million buyout of its Canadian LG Energy Solution joint venture and reflects pressure from President Trump’s policies and disappointing EV demand. Stellantis and Samsung SDI, formed in 2021 with a $2.5 billion investment and a promise of 1,400 jobs, began production in 2024 and have shifted to stationary storage cells. The Indiana plant remains a key battery cell supplier for Stellantis, but the future of the U.S. battery JV is under active review.