Samsung SDI considering a $2.6 billion IL investments for Stellantis

[AlexB]

"We are competing for a major Samsung battery facility. The delegation came in from Korea this week. I spoke to them and others did as well," Durbin said. "This Samsung facility, we hope, will be located next door to Rivian. That decision has not been made. Having that battery facility will also create thousands of jobs."

The South Korean battery maker is considering investing at least 3 trillion won ($2.62 billion) to manufacture batteries for Stellantis and a minimum of 1 trillion won for batteries to Rivian, according to the source.”

“Samsung SDI officials have been making business trips to Detroit recently to discuss battery supply issues with Stellantis, a person with knowledge of the matter told Reuters.”

Samsung SDI considering building battery plant in Illinois, says senator

South Korea's Samsung SDI Co Ltd (006400.KS) is considering building a battery plant in central Illinois, Senator Dick Durbin told reporters on Thursday.

www.reuters.com

This would be in addition to the two battery plants being done in North America by ACC(Automotive Cells Company which is a JV by Legacy PSA in partnership Total energy company of France. ACC becomes 70% owned by Stellantis in 2025).

 

[Deckard Cain]

Samsung SDI supplies batteries to the 500e. Glad to see them deepening their relationship with STLA.

 

[patfromigh]

Samsung SDI supplies batteries to the 500e. Glad to see them deepening their relationship with STLA.

I might also add, both generations of the 500e.

 

[cygnus]

I'm pretty sure they supply all the Jeep 4xe batteries as well.

STLA will need more batteries in the years to come for additional BEV/PHEV Jeep models, so Samsung building a dedicated plant for STLA makes sense. Was wondering when this would finally be announced publicly.

 

[Bili]

I'm pretty sure they supply all the 4xe batteries as well.

PHEV models are usually with LG Chem batteries, BEV with SDI.

 

[cygnus]

PHEV models are usually with LG Chem batteries, BEV with SDI.

"Powering the electric motors will be a 17 kWh battery pack comprised of 96 Samsung SDI lithium-ion cells."

Here’s The Low-Down On The Upcoming Jeep Wrangler 4xe PHEV

 

[ChargerFan1]

OP what % of your portfolio is Stellantis? 90, 100%? Lol had to say it

 

[Bili]

"Powering the electric motors will be a 17 kWh battery pack comprised of 96 Samsung SDI lithium-ion cells."

Here’s The Low-Down On The Upcoming Jeep Wrangler 4xe PHEV

Ah.

I'm pretty much sure that Pacifica, Compass and Renegade PHEV models have LG Chem batteries.

 

[AlexB]

OP what % of your portfolio is Stellantis? 90, 100%? Lol had to say it

FCA/Stellantis been an awesome investment (October 2014) for me let alone all of the Ferrari Spin off(sold Ferrari August 2019), Faurecia Spin off, Italian publishing cash distribution for Americans (GEDI), and Marelli sale & PSA Merger special dividends.

 

[cygnus]

Ah.

I'm pretty much sure that Pacifica, Compass and Renegade PHEV models have LG Chem batteries.

Going forward I think once all of these models get a full redesign, all BEV and PHEV in the US will be Samsung SDI.

It's probably why we aren't getting the Compass PHEV in the US - no LG Chem batteries are being packaged in the US. New PHEV/BEV Compass in calendar 2024 will use Samsung SDI.

 

[AlexB]

Going forward I think once all of these models get a full redesign, all BEV and PHEV in the US will be Samsung SDI.

It's probably why we aren't getting the Compass PHEV in the US - no LG Chem batteries are being packaged in the US. New PHEV/BEV Compass in calendar 2024 will use Samsung SDI.

Stellantis will have ACC (Legacy PSA-Total energy JV) which they will own 70% percent of in 2025 in addition to Samsung.
Stellantis did promise 2 battery plants in North America.

 

[cygnus]

Everything built in the US will have batteries sourced from Samsung - the European JV will not have batteries in any future North American PHEV/BEV vehicle, outside of the Dodge Hornet PHEV, which is built in Italy.

The factory after this Samsung SDI factory probably won't be in the cards until 2027...lot of time between now and then. The announcement about the 2nd battery factory in the US was way too premature/window dressing to try and move the stock price. Kind of like when they said Fiat was going all EV. Just certain executives running their mouths and spouting BS. My guess is that the 2nd battery plant will probably come later (2027) and will be in Mexico. Samsung SDI battery plant in Illinois will feed Wrangler/Gladiator/Wagoneer/Grand Cherokee 5 + 7 passenger/Ram 1500 BEV/PHEV offerings - the money makers.

The batteries in China will be sourced from CATL, probably. Foxconn doesn't actually produce batteries.

Europe has the largest (potential) battery needs. Like @Bili said, who is going to be able to afford these vehicles going forward? Fortunately the the US isn't as bad as Europe, hopefully with these higher gas prices in the US we have right now people are seeing (to steal a line) - 'elections have consequences'.

Oh, and for anyone in California - how much are you paying for electricity these days to charge your BEV? Everyone promoting full BEV there is getting everything they deserve, in spades.

 

[AlexB]

Everything built in the US will have batteries sourced from Samsung - the European JV will not have batteries in any future North American PHEV/BEV vehicle, outside of the Dodge Hornet PHEV, which is built in Italy.

The factory after this Samsung SDI factory probably won't be in the cards until 2027...lot of time between now and then. The announcement about the 2nd battery factory in the US was way too premature/window dressing to try and move the stock price. Kind of like when they said Fiat was going all EV. Just certain executives running their mouths and spouting BS. My guess is that the 2nd battery plant will probably come later (2027) and will be in Mexico. Samsung SDI battery plant in Illinois will feed Wrangler/Gladiator/Wagoneer/Grand Cherokee 5 + 7 passenger/Ram 1500 BEV/PHEV offerings - the money makers.

The batteries in China will be sourced from CATL, probably. Foxconn doesn't actually produce batteries.

Europe has the largest (potential) battery needs. Like @Bili said, who is going to be able to afford these vehicles going forward? Fortunately the the US isn't as bad as Europe, hopefully with these higher gas prices in the US we have right now people are seeing (to steal a line) - 'elections have consequences'.

Oh, and for anyone in California - how much are you paying for electricity these days to charge your BEV? Everyone promoting full BEV there is getting everything they deserve, in spades.

No the ACC JV is Legacy PSA, so they will Not be used in the Hornet(the timing doesn’t line up) .

Second, the reason for ACC creation was to create an French answer to CATL.

Third the announcement of two North American battery plants were done during the EV Day Presentation.

 

[ChargerFan1]

FCA/Stellantis been an awesome investment (October 2014) for me let alone all of the Ferrari Spin off(sold Ferrari August 2019), Faurecia Spin off, Italian publishing cash distribution for Americans (GEDI), and Marelli sale & PSA Merger special dividends.

I like their cars but never really their stock. I bought a bunch of Ford for $4.25 back in March 2020 and it has done well for me.

 

[AlexB]

Everything built in the US will have batteries sourced from Samsung - the European JV will not have batteries in any future North American PHEV/BEV vehicle, outside of the Dodge Hornet PHEV, which is built in Italy.

The factory after this Samsung SDI factory probably won't be in the cards until 2027...lot of time between now and then. The announcement about the 2nd battery factory in the US was way too premature/window dressing to try and move the stock price. Kind of like when they said Fiat was going all EV. Just certain executives running their mouths and spouting BS. My guess is that the 2nd battery plant will probably come later (2027) and will be in Mexico. Samsung SDI battery plant in Illinois will feed Wrangler/Gladiator/Wagoneer/Grand Cherokee 5 + 7 passenger/Ram 1500 BEV/PHEV offerings - the money makers.

The batteries in China will be sourced from CATL, probably. Foxconn doesn't actually produce batteries.

Europe has the largest (potential) battery needs. Like @Bili said, who is going to be able to afford these vehicles going forward? Fortunately the the US isn't as bad as Europe, hopefully with these higher gas prices in the US we have right now people are seeing (to steal a line) - 'elections have consequences'.

Oh, and for anyone in California - how much are you paying for electricity these days to charge your BEV? Everyone promoting full BEV there is getting everything they deserve, in spades.

Stellantis is in the process of building five gigafactories across North America and Europe to cater to the huge amount of battery demands the group requires, with its strategy estimating more than 260GWh is needed by 2030.”

Stellantis EV Day: group announces four new electric platforms | CAR Magazine

 

[cygnus]

No the ACC JV is Legacy PSA, so they will Not be used in the Hornet(the timing doesn’t line up) .

Second, the reason for ACC creation was to create an French answer to CATL.

Third the announcement of two North American battery plants were done during the EV Day Presentati

I stand by what I said and none of the articles have refuted what I said. A US based Samsung SDI manufacturing facility will be the exclusive supplier of Stellantis vehicles (primary Jeep/Ram) manufactured in the United States. Rivian is not entirely credit worthy - Samsung will be using 'pay on delivery' purchase order terms with Rivian.

Samsung SDI will build as much supply as Stellantis needs.

I predict that the second battery facility will be built in Mexico, sometime between 2026-2030. TBD on whether it will be Samsung.

 

[TripleT]

Shipping batteries is costly, troublesome, and dangerous

If you ship more than 300lbs the hoops are incredible. So they need limit the potential energy shipped to minimum.

The only viable long term way to product EVs is with local battery production.

Note one of my product is approved for shipping battery's Passing UN testing in 3 continents

 

[Deckard Cain]

Shipping batteries is costly, troublesome, and dangerous

If you ship more than 300lbs the hoops are incredible. So they need limit the potential energy shipped to minimum.

The only viable long term way to product EVs is with local battery production.

Note one of my product is approved for shipping battery's Passing UN testing in 3 continents

So local production instead of outsourcing everything into China? Awesome!!!

 

[TripleT]

So local production instead of outsourcing everything into China? Awesome!!!

You can't ship them from china assembled with drastic cost.... a Korean pack to ship the batteries for a domestic was $600 just for the packaging. It impractical.