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Stellantis and LG Energy Solution to form JV for battery plant in North America · Endata

◂ Announcements

Oct 18, 2021ACQUISITIONNorth America, United States

Stellantis and LG Energy Solution to form JV for battery plant in North America

Stellantis and LG Energy Solution signed an MOU to form a joint venture to build a lithium-ion battery manufacturing facility in North America, with 40 GWh annual capacity targeted to start by Q1 2024.

Status

Announced

Capacity

40 GWh per year

Productslithium-ion battery cells and modules

CompaniesStellantis partner LG Energy Solution partner

Sectors#Electrical Equipment

“Stellantis N.V. and LG Energy Solution today announced that their companies have entered into a memorandum of understanding to form a joint venture to produce battery cells and modules for North America.”stellantis.com

1 source
stellantis.comStellantis and LG Energy Solution to Form Joint Venture for Lithium-Ion Battery Production in North America | StellantisOct 18, 2021

Summarized from public sources; check the original articles before acting on it.

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