Stellantis to construct second U.S. EV battery plant in three way partnership with Samsung

DETROIT — Stellantis says it can construct a second U.S. electrical automobile battery manufacturing unit in a three way partnership with Samsung.

The automaker did not disclose the situation however mentioned Monday that it signed a memorandum of understanding with Samsung SDI beneath its current three way partnership referred to as StarPlus Vitality.

The brand new plant will open in early 2027, becoming a member of a joint-venture facility in Kokomo, Indiana, that is already beneath building and scheduled to start out manufacturing in early 2025.

CEO Carlos Tavares mentioned in a ready assertion that the second plant will assist the corporate supply at the very least 25 new battery-electric autos in North America by the tip of the last decade.

Stellantis is planning for half its U.S. passenger automotive and light-weight truck gross sales to be battery electrical by 2030. The corporate needs 100% of its gross sales in Europe to be electrical in the identical time-frame.

No monetary particulars of the brand new enterprise had been launched.

The Kokomo plant, about 60 miles north of Indianapolis will make use of as much as 1,400 employees and price about $2.5 billion.

Earlier the corporate additionally introduced a $4.1 billion battery plant in Windsor, Ontario, that will make use of about 2,500 individuals. It is a three way partnership with LG Vitality Resolution.

Stellantis was fashioned in 2021 by way of a merger of Fiat Chrysler and France’s PSA Peugeot.

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