Stellantis to Construct Second US Electrical Car Battery Plant in Joint Enterprise With Samsung

DETROIT (AP) — Stellantis says it’s going to construct a second U.S. electrical car 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 underneath its present three way partnership referred to as StarPlus Power.

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

CEO Carlos Tavares mentioned in a ready assertion that the second plant will assist the corporate provide no less than 25 new battery-electric autos in North America by the top of the last decade.

Stellantis is planning for half its U.S. passenger automobile and lightweight truck gross sales to be battery electrical by 2030. The corporate desires 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 (97 kilometers) north of Indianapolis will make use of as much as 1,400 employees and value about $2.5 billion.

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

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

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