Korea Joongang Daily
Korea JoongAng Daily

Exclusive: Samsung SDI’s $3.5B joint battery project with GM ‘paused’ amid EV slowdown

A $3.5 billion battery project led by a joint venture between Samsung SDI and General Motors in New Carlisle, Indiana, has been put on hold, as the U.S. automaker recalibrates its EV strategy amid moderating demand.

2026-05-14

U.S. election results won't threaten subsidies for Samsung, SK: Indiana commerce chief

With burgeoning uncertainties over the upcoming U.S. presidential election, Indiana Secretary of Commerce David Rosenberg says the outcome — regardless of who wins — won't drive promised subsidies away from Korean chip and EV battery producers.

2024-10-18

Samsung SDI, GM to build $3.5 billion battery plant in Indiana

Samsung SDI and General Motors will together invest $3.5 billion to build a battery plant in Indiana as EV sales are stalling in global markets.

2024-08-28

SK hynix secures $450M grants for $3.9B investment in Indiana

The U.S. Department of Commerce announced that the Korean chip maker will be given the subsidy under the CHIPS Act.

2024-08-06

Final Indiana Jones film aims to prove age is just a number

Age is just a number – Hollywood actor Harrison Ford attempts to prove that in the new Indiana Jones film “Indiana Jones and the Dial of Destiny.” Indiana Jones has been played by Ford since the first film “Indiana Jones and the Raiders of the...

2023-06-16

Samsung SDI, GM to build $3 billion battery plant in Indiana

Samsung SDI and General Motors (GM) will jointly invest at least $3 billion to build an electric vehicle (EV) battery plant in Indiana, the Korean battery maker said Wednesday.

2023-06-14

Korean student at Purdue University held as suspect in murder of roommate

A Korean student was arrested as a suspect in the murder of a fellow student at a dormitory on the campus of Purdue University in West Lafayette, Indiana, on Wednesday.

2022-10-06

'Minari' continues to win awards from various American film critic organizations

Director Lee Isaac Chung’s film “Minari” is continuing to win awards from various American film critic organizations, most recently the Florida Film Critics Circle (FCCC) and Indiana Film Journalists Association (IFJA), according to the ...

2020-12-22