Stellantis, Samsung to Develop Second EV Battery Plant in U.S.
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Automotive manufacturer Stellantis announced that it signed a memorandum of understanding with electronics company Samsung to develop another electric vehicle (EV) battery manufacturing factory in the United States.
Under the StarPlus Energy joint venture, the companies expect the facility to begin production in 2027 with an initial annual production capacity of 34 gigawatt-hours. The joint venture did not disclose financial details or a location for the plant.
Stellantis CEO Carlos Tavares said that the new factory aligns with the company’s goal for the North American market by 2030, which is to offer 25 new battery electric vehicles (BEV).
In May 2022, Stellantis and Samsung announced a battery manufacturing facility in Kokomo, Indiana, that is set to produce 33 gigawatt-hours per year starting in 2025. The $2.5 billion plant will employ approximately 1,400 workers. Stellantis also previously announced a $4.1 billion battery facility in Windsor, Ontario, through a joint venture with LG Energy Solution. The joint venture expects the plant to create 2,500 jobs.
Stellantis hopes to achieve a 100% sales mix of passenger car BEVs in Europe and a 50% sales mix of passenger cars and light-duty truck BEVs in the U.S. by 2030. The automaker also has a goal of reaching carbon neutrality by 2038.
Image Credit: Jonathan Weiss / Shutterstock.com
