Italian automaker Stellantis and South Korean battery maker Samsung SDI, plan to open a second joint venture plant in the United States to produce electric vehicle batteries, aiming to start production in 2027 with an initial capacity of 34 GWh, Reuters reported.
The parties said the deal has not yet been finalized and the site for the plant is still under review. In addition, the amount of investment in the factory and the number of employees to be hired will be announced later.
It is learned from Reuters that Stellantis CEO Carlos Tavares said in a statement, “This new plant will help achieve our goal — to deliver at least 25 new pure electric vehicles to the North American market by 2030. “
Stellantis announced plans to achieve 100 percent sales of electric passenger cars in Europe and 50 percent sales of electric cars and light trucks in the U.S. by 2030. In order to achieve this goal, Stellantis wants to secure approximately 400 GWh of battery capacity.
Stellantis’ brands are understood to include Peugeot, Jeep, Dodge Ram, Alfa Romeo, Citroen and Opel.
In May 2022, Stellantis and Samsung SDI said they would invest more than $2.5 billion in their first joint battery plant, which is expected to open in Kokomo, Indiana, in the first quarter of 2025, with an initial capacity of 23 GWh, eventually increasing to 33 GWh.
The Indiana plant will then employ 1,400 people, and the investment could gradually increase to $3.1 billion, the parties said.
