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Ford announced it will end production of Lincoln vehicles in China for export to the US, whilst General Motors is reportedly ceasing sales of its Chevrolet brand in China. Ford will expand Lincoln production in the US, where it currently manufactures the luxury brand in Louisville and Chicago. The moves reflect American automakers' retreat from China as local rivals like BYD and Geely expand globally. Chinese manufacturers have been engaged in aggressive price competition, leveraging excess production capacity to undercut competitors worldwide. Meanwhile, Chinese automakers are exploring routes into the US market, likely through North American production rather than direct exports. However, a Trump administration report criticising Mexico as one of "China's biggest enablers" could complicate Mexican manufacturing plans.

General Motors (GM) stock: drops as Samsung SDI takes full control of Indiana battery plant. GM exits the $3.5 billion Indiana battery venture as Samsung SDI shifts production toward energy storage systems. Tldr. Table of Contents * GM stock drops 2.89% as Samsung SDI takes full control of Indiana battery plant. * Samsung SDI acquires GM's 49.99% stake in the $3.5 billion Synergy Cells venture. * GM reduces direct battery manufacturing exposure as US electric vehicle demand slows. * Samsung SDI plans to initially use the Indiana factory for energy storage batteries. * GM and Samsung SDI will still develop next-generation prismatic EV battery cells. General Motors (GM) stock fell 2.89% to $86.77 as the automaker exited another major electric vehicle battery manufacturing venture. Samsung SDI agreed to acquire GM's 49.99% stake in their Synergy Cells battery plant in Indiana. The transaction reflects GM's broader effort to reduce manufacturing exposure as United States electric vehicle demand grows more slowly. Samsung SDI takes full control of Indiana battery plant. Samsung SDI will gain full ownership of the $3.5 billion battery factory under development in New Carlisle, Indiana. GM and Samsung SDI originally announced the joint venture in 2023 as part of expanding American battery production. However, changing market conditions pushed both companies to restructure the project before commercial production begins. The plant initially targeted annual battery capacity of 27 GWh, with planned expansion to 36 GWh. The companies expected the 275-hectare facility to support more than 1,600 jobs once production reached full scale. However, the expected production start moved from 2026 to 2027 as electric vehicle market conditions weakened. Samsung SDI now plans to direct initial production toward batteries designed for energy storage systems. That strategy gives the company more flexibility as stationary battery demand expands across the United States. Meanwhile, the plant could later produce electric vehicle cells if market conditions support additional automotive battery capacity. GM reduces battery manufacturing exposure. GM's withdrawal allows the automaker to reduce capital commitments tied to large battery manufacturing projects. The company will instead continue working with Samsung SDI through battery development and supply arrangements. GM retains access to future technology without maintaining direct ownership of the Indiana production facility. Both companies plan to develop next-generation nickel-rich prismatic battery cells for possible future electric vehicle programs. These cells could offer strong energy density while supporting faster charging and simpler battery pack designs. GM has also increased its focus on alternative battery technologies that may lower vehicle production costs. GM continues developing lithium manganese-rich prismatic cells with LG Energy Solution for future electric vehicles. The technology could reduce reliance on more expensive nickel and cobalt while maintaining competitive battery performance. Consequently, GM can pursue several battery formats while limiting financial exposure to individual manufacturing plants. GM adjusts EV strategy after demand slowdown. The Indiana exit follows other changes across GM's electric vehicle manufacturing strategy during recent years. GM previously transferred its stake in a Lansing, Michigan, battery plant to LG Energy Solution. The company has also slowed production plans and adjusted capacity across other electric vehicle operations. GM recorded substantial charges after reassessing electric vehicle investments and production expectations. The company announced a $1.6 billion write-down in October 2025 linked largely to its electric vehicle business. It followed with another $6 billion write-down in January 2026 as management revised investment plans further. The United States electric vehicle market also changed after the federal $7,500 purchase tax credit expired in September 2025. That policy change increased pressure on automakers already facing slower growth and affordability concerns. GM's latest restructuring shows its strategy now favors lower costs, flexible supply agreements, and reduced manufacturing risk. Limited Time Offer Get 3 free stock ebooks. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis. * Top 10 AI Stocks - Leading AI companies * Top 10 Crypto Stocks - Blockchain leaders * Top 10 Tech Stocks - Tech giants

General Motors has secured a $4.5 billion financing arrangement to strengthen its supply chain and ensure critical component availability. The deal involves Procura Auto Parts, JPMorgan Chase, and Banco Santander, which will prepay selected suppliers on GM's behalf. GM will reimburse Procura using formal payment promises after parts are used in production, with repayment required no later than 31 July 2029. The automaker will pay interest, an agreed premium, and an annual fee on unused funds. The arrangement addresses supply vulnerabilities following years of industry-wide disruptions involving semiconductors, rare earths, and wire harnesses. It reflects GM's broader effort to diversify sourcing amid US tariffs and reduced reliance on Chinese suppliers. GM established the arrangement on Friday.