Stellantis & Samsung SDI Invest Over $2.5 Billion For Lithium-Ion Battery Production Plant In U.S.!

[redriderbob]

Stellantis & Samsung SDI Invest Over $2.5 Billion For Lithium-Ion Battery Production Plant In U.S.!​

Plant Targeted To Start In 2025 & Create 1,400 New Jobs...​

Stellantis N.V. and Samsung SDI today announced that they have executed binding, definitive agreements to establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana. Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23 gigawatt-hours (GWh), with an aim to increase to 33 GWh in the next few years. The total capacity would increase further as demand for Stellantis electric vehicles is expected to rise.

Stellantis & Samsung SDI Invest Over $2.5 Billion For Lithium-Ion Battery Production Plant In U.S.!

Stellantis N.V. and Samsung SDI today announced that they have executed binding, definitive agreements to establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana. Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23 gigawatt-hours...

moparinsiders.com

 

[redriderbob]

 

[ChargerFan1]

Interesting the Canadian plant partner is LG but Samsung in the states?

 

[redriderbob]

Interesting the Canadian plant partner is LG but Samsung in the states?

They use different batteries for different products... the Grand Cherokee and Wrangler 4xe use Samsung, the Pacifica PHEV uses LG.

 

[ScramFan]

Interesting the Canadian plant partner is LG but Samsung in the states?

I would take a guess that there is a bit of risk management in diversifying your supply chain by choosing to use two different suppliers.

Best not to put all your eggs in one basket.

 

[TripleT]

Great news for Kokomo, especially since transmissions will be less needed in EVs.

 

[Deckard Cain]

The 500e also uses Samsung batteries. It's good not to be dependent on only one supplier.