# Samsung SDI to invest $2B in second joint battery plant with Stellantis

Samsung SDI announced a $1.98 billion investment in a second joint EV battery factory with Stellantis, increasing its stake in Starplus Energy to 51%. The investment will be funded from April to November 2027.

- Type: Investment
- Announced: 2023-09-27
- Where: United States
- Value: $1.98B
- Status: announced
- Products: EV batteries
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Samsung SDI](https://endata.com/companies/16013.md)
- [Stellantis](https://endata.com/companies/7966.md) (partner)
- [Starplus Energy](https://endata.com/companies/72930.md) (partner)

## Sources

- [manufacturingdive.com](https://www.manufacturingdive.com/news/samsung-sdi-to-invest-2b-toward-stellantis-joint-battery-gigafactory/694980/), 2023-09-28: "Samsung SDI will invest $1.98 billion in its second U.S. joint battery factory with Stellantis."

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