Stellantis and Samsung SDI to build $2.5B battery plant in Kokomo, Indiana

Stellantis N.V. and Samsung SDI signed definitive agreements to establish a joint venture electric-vehicle battery manufacturing facility in Kokomo, Indiana. The plant will invest over $2.5 billion, create 1,400 jobs, and have an initial annual capacity of 23 GWh, targeted to start production in Q1 2025.

“Just under one year ago, we committed to an aggressive electrification strategy anchored by five gigafactories between Europe and North America.”media.stellantisnorthamerica.com

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• media.stellantisnorthamerica.comStellantis Media - Stellantis and Samsung SDI to Invest Over $2.5 Billion in Joint Venture for Lithium-ion Battery Production Plant in United StatesMay 24, 2022

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