Market Chatter: Stellantis Planning to Exit US Battery JV With Samsung SDI

MT Newswires Live

02/11

Stellantis (STLA) is exploring ways to exit its Indiana battery joint venture with Samsung SDI as part of efforts to preserve cash after writedowns last week, Bloomberg reported Tuesday, citing people familiar with the matter.

A final decision is yet to be made, and a complete divestment could be costly for the company, sources told the media outlet.

Stellantis CEO Antonio Filosa is working to limit losses on EV projects after new US policies undermine plug-in cars, according to the report.

Stellantis did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 7.53, Change: +0.22, Percent Change: +2.94

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 7.53, Change: +0.22, Percent Change: +2.94</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STLA","symbol_name":"Stellantis NV","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2610673169","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610673169","pubTimestamp":1770752459,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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