- South Korean battery maker Samsung SDI Co Ltd (OTC:SSDIY) and automaker Stellantis NV (NYSE:STLA) collaborated to produce electric vehicle batteries for the North American market, Reuters reports.
- The Samsung Electronics Co Ltd (OTC:SSNLF) affiliate already has EV battery plants in South Korea, China, and Hungary, supplying to customers like Bayerische Motoren Werke AG (OTC:BMWYY) and Ford Motor Co (NYSE:F). The companies are reviewing the plant location.
- Recently, Stellantis collaborated with LG Chem Ltd (OTC:LGCLF) owned battery maker LG Energy Solution to produce battery cells and modules for North America.
- Related Content: Samsung Targets Tesla, Nio With Lithium-ion Phosphate Battery Development: Korea Herald
- Price Action: STLA shares traded higher by 0.05% at $19.59 premarket on the last check Tuesday.
Q2 Holdings Sees Q4 Revenue $148.4M-$150.4M Vs $157.64M Est., Adj. EBITDA $10.5M-$12.5M; See FY22 Revenue $568M-$570M Vs $579.34M Est., Adj. EBITDA $39M-$41M
Q2 Holdings is providing guidance for its fourth quarter of 2022 as follows:
Total non-GAAP revenue of $148.4 million to $150.4 million, which would represent year-over-year
