Samsung SDI lends $1.05 billion to Stellantis for energy project
Samsung SDI, a leading battery manufacturer, announced its plan to lend <strong>1.6 trillion won</strong> (approximately <strong>$1.05 billion</strong>) to <strong>StarPlus Energy</strong>, its joint venture with <strong>Stellantis</strong>. This decision comes as Stellantis faces significant challenges in its electric vehicle production expansion plans.