Stellantis and Samsung SDI to invest over USD2.5 billion in JV for lithium-ion battery production plant in United States

May 2022

Stellantis and Samsung SDI have announced a JV to build an electric-vehicle battery plant in Kokomo, Indiana. The new facility will supply battery modules for a range of vehicles produced at Stellantis’ North American assembly plants. Plant construction activities are scheduled to begin later this year with production operations planned to launch in the first quarter of 2025. The facility will have an initial annual production capacity of 23 gigawatt hours with an aim to increase up to 33 gigawatt hours, with further expansions…


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