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Stellantis Ties Up With Samsung to Build EV Battery Plant in US

Both companies said operations are expected to start in 2025, with an initial annual production capacity of 23 gigawatt hours, and the ability to increase to up to 40 GWh later

Global carmaker Stellantis has bought a stake in Australian-listed lithium producer Vulcan Energy Resources in an attempt to secure resources of the key element.
The battery plant with CATL will be Stellantis' fourth factory in Europe. It is also building three gigafactories in France, Germany and Italy through a joint venture with Mercedes and TotalEnergies. File photo: Reuters.


Stellantis NV and Samsung SDI plan to build a battery plant in the US state of Indiana as the carmaker ramps up electric vehicle (EV) production plans, sources aware of the matter have revealed.

Both companies said operations at the lithium ion battery plant are expected to start in 2025 with an initial annual production capacity of 23 gigawatt hours and the ability to increase to up to 40 gigawatt hours in the future.

The companies did not immediately comment on Monday, but Stellantis said it would provide an update on the future of its Kokomo operations on Tuesday that would include its North American chief operating officer Mark Stewart and Indiana Governor Eric Holcomb.

The JV battery plant is expected to be built near Stellantis engine, casting and transmission plants in Kokomo, Indiana, the sources said, declining to be named because the announcement is not yet public.

In October, Stellantis said it would invest $229 million in its three Kokomo plants to produce electrified, eight-speed transmissions.

ALSO READ: Transition to EVs Needs Worker, Climate Safeguards, Says Panel



Stellantis-LGES Plant in Canada

In March, Stellantis and LG Energy Solution said they would invest $4.1 billion for a joint venture lithium-ion battery production plant in Canada that will have an annual production capacity in excess of 45 gigawatt hours. The companies plan to begin operations in 2024.

President Joe Biden, at a visit to Samsung Electronics Pyeongtaek campus in South Korea on Friday, highlighted the planned investment, saying “Samsung will also be working with Stellantis on a joint venture to build a new facility in the United States that will manufacture batteries for electric vehicles.”

He urged the companies to “enter into partnerships” with “American union members” and said JVs “that manufacture electric vehicle batteries would be made stronger by collective bargaining relationships with America unions.”

Biden backed legislation last year that would give union-assembled US-built electric vehicles an additional $4,500 tax credit but that stalled in Congress.


  • Reuters with additional editing by Jim Pollard





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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.


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