# 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.

- Type: Acquisition
- Announced: 2021-10-18
- Where: North America, United States
- Status: announced
- Capacity: 40 GWh per year
- Products: lithium-ion battery cells and modules
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Stellantis](https://endata.com/companies/7966.md) (partner)
- [LG Energy Solution](https://endata.com/companies/11181.md) (partner)

## Sources

- [stellantis.com](https://www.stellantis.com/en/news/press-releases/2021/october/stellantis-and-lg-energy-solution-to-form-joint-venture), 2021-10-18: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.