SEOUL 31 March 2026 (The Capital Post) – Samsung SDI plans to provide a loan of US$1.05 billion to StarPlus Energy, its joint venture with Stellantis, as part of efforts to strengthen its electric vehicle (EV) battery business.
The funding is expected to support the expansion and operations of StarPlus Energy, which is focused on manufacturing EV batteries to meet growing global demand. The joint venture plays a key role in supplying batteries for Stellantis’ electric vehicle lineup.
Samsung SDI said the financial support reflects its commitment to scaling up battery production capacity and reinforcing its position in the competitive EV market. The move also aligns with increasing investments by automakers and technology firms in electrification.
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The partnership between Samsung SDI and Stellantis highlights the importance of collaboration in advancing battery technology and ensuring stable supply chains for EV production. Industry observers note that demand for EV batteries continues to surge as more countries accelerate the transition to cleaner transportation.
The loan is expected to enhance StarPlus Energy’s capabilities and support long-term growth, as both companies aim to capitalise on the expanding global electric vehicle market.-The Capital Post
