Samsung SDI to issue new shares and invest in U.S. joint venture with GM


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FILE PHOTO: A general view of the Samsung SDI battery factory in God, Hungary, December 12, 2022. REUTERS/Marton Monus/File photo

SEOUL (Reuters) - Samsung SDI said it would issue new shares worth 2 trillion won ($1.38 billion) in a regulatory filing on Friday and use the proceeds to invest in a U.S. joint venture with General Motors and expand its factory capacity in Hungary among others.

($1 = 1,452.6800 won)

(Reporting by Hyunsu Yim; Editing by Ed Davies)

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