The Zhitong Finance App learned that in the context of the continuing slowdown in demand for electric vehicles, General Motors (GM.US) is further shrinking its battery manufacturing layout. South Korean battery manufacturer Samsung SDI announced on Tuesday that it will terminate the battery joint venture agreement with GM in Indiana, and acquire all of GM's shares to turn the plant into its first independent manufacturing base in North America.

The Zhitong Finance App learned that in the context of the continuing slowdown in demand for electric vehicles, General Motors (GM.US) is further shrinking its battery manufacturing layout. South Korean battery manufacturer Samsung SDI announced on Tuesday that it will terminate the battery joint venture agreement with GM in Indiana, and acquire all of GM's shares to turn the plant into its first independent manufacturing base in North America.