Finance
Stellantis seeks to exit battery venture with Samsung as EV losses mount, Bloomberg News reports
Published by Global Banking & Finance Review®
Posted on February 10, 2026
1 min readLast updated: February 10, 2026
Home > Finance > Stellantis seeks to exit battery venture with Samsung as EV losses mount, Bloomberg News reports
Quick Summary
Stellantis plans to exit its U.S. battery venture with Samsung SDI due to rising EV losses, exploring divestment options.
Stellantis Aims to Withdraw from Samsung Battery Partnership Amid EV Challenges
Stellantis and Samsung Battery Venture
Feb 10 (Reuters) - Stellantis NV is looking to exit its U.S. battery joint venture with South Korea's Samsung SDI Co. as the automaker scales back its electric-vehicle ambitions, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Financial Implications of the Exit
Reuters could not immediately verify the report. Stellantis and Samsung SDI did not immediately respond to Reuters' requests for comment.
Future Collaborations with Samsung
The report comes after Stellantis announced more than $26.5 billion in writedowns last week, hammering its shares as traditional automakers pay the price of misjudging the switch to cleaner driving.
Stellantis has been exploring ways to divest from the venture, but no final decision has been made, the report said, adding that an exit could be costly for Stellantis and a lengthy process, and that Stellantis could sell its stake to a third party.
"We continue to have ongoing collaborative discussions with Samsung on the future of our StarPlus Energy JV," Stellantis said in an emailed statement to Bloomberg News.
(Reporting by Disha Mishra in Bengaluru; Editing by Alan Barona)
Key Takeaways
- •Stellantis aims to exit its battery joint venture with Samsung SDI.
- •The decision is influenced by mounting electric vehicle losses.
- •Stellantis announced significant writedowns recently.
- •An exit could be costly and a lengthy process for Stellantis.
- •Future collaborations with Samsung are still under discussion.
Frequently Asked Questions about Stellantis seeks to exit battery venture with Samsung as EV losses mount, Bloomberg News reports
1What is a joint venture?
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity, sharing profits, losses, and control.
2What are writedowns?
Writedowns refer to the reduction in the book value of an asset when its market value falls below the carrying value, often due to poor performance or market conditions.
3What is an electric vehicle (EV)?
An electric vehicle (EV) is a type of vehicle that is powered by electricity, using one or more electric motors, and is considered more environmentally friendly than traditional gasoline-powered vehicles.
