Stellantis NV and Samsung SDI Co Ltd. plan to construct a second U.S. battery manufacturing facility, the businesses mentioned Wednesday.
The new facility will probably be in Kokomo, Ind. and will probably be a part of the StarPlus Energy three way partnership. Stellantis
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and Samsung SDI
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count on that the brand new plant will begin manufacturing in early 2027 and have an annual capability of 34 gigawatt hours. There is one other StarPlus Energy gigafactory underneath building in Kokomo that’s anticipated to open within the first quarter of 2025.
The three way partnership intends to take a position greater than $3.2 billion in and round Kokomo and create 1,400 jobs.
“Through construction of the second battery plant of StarPlus Energy, Samsung SDI will be establishing its largest production base for electric vehicle batteries in North America,” Samsung SDI Chief Executive Yoon-ho Choi mentioned in a launch.
Mark Stewart, Stellantis’ chief working officer for North America, added that his firm’s battery ecosystem was “the foundation of our electrification strategy.”
Source web site: www.marketwatch.com
