Stellantis and Samsung SDI have recently signed a memorandum of understanding (MoU) to establish a second battery manufacturing facility in the United States, as part of their existing StarPlus Energy joint venture. The new plant is scheduled to commence production in 2027 and is expected to have an initial annual production capacity of 34 gigawatt hours (GWh).
The exact location of the new facility is yet to be determined, and more details will be revealed at a later date. The specific investment amount for the second US facility is not officially disclosed by Samsung SDI and Stellantis. In 2021, Stellantis announced its intention to invest $35 billion in electric vehicle production and software worldwide by 2025.
Last year, the two companies established a joint venture named StarPlus Energy, aimed at constructing an electric vehicle battery facility in Kokomo, Indiana with USD2.5 billion investment, which is set to launch in the first quarter of 2025. The Kokomo plant’s annual production capacity has been increased from the initial target of 23 GWh to 33 GWh.
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