Charged EVs | Stellantis and Samsung SDI type JV to construct battery plant in Indiana


Stellantis and Samsung SDI have agreed to determine an EV battery manufacturing facility in Kokomo, Indiana. Development is scheduled to start later this 12 months, and the plant is anticipated to enter manufacturing in 2025 with an preliminary annual capability of 23 GWh, which is slated to extend to 33 GWh over “the subsequent few years.”

Stellantis says the brand new three way partnership firm will make investments greater than $2.5 billion and create 1,400 new jobs in Kokomo and the encircling areas. The funding may regularly improve to $3.1 billion.

The brand new facility will provide battery modules for a variety of automobiles produced at Stellantis’s North American meeting vegetation. Samsung SDI will apply its new PRiMX know-how, which was unveiled at CES 2022 in January.

“Slightly below one 12 months in the past, we dedicated to an aggressive electrification technique anchored by 5 gigafactories between Europe and North America,” mentioned Carlos Tavares, CEO of Stellantis. “At present’s announcement additional solidifies our world battery manufacturing footprint and demonstrates Stellantis’s drive towards a decarbonized future as outlined in Dare Ahead 2030.”

“We specific our gratitude towards officers from the state of Indiana and Stellantis for supporting the ultimate number of the plant web site in Indiana,” mentioned Yoon-Ho Choi, CEO of Samsung SDI. “We now have secured a strong foothold in a quickly rising North America EV market by means of the three way partnership with Stellantis.”

Supply: Stellantis


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