Stellantis and Samsung SDI to Invest Over $2.5 Billion in Joint Venture for EV Battery Production Plant in United States

Automotive giant Stellantis N.V. and Samsung SDI said today 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 […]