Stellantis and Samsung SDI to Construct Second Battery Plant in the US

Stellantis and Samsung SDI to Construct Second Battery Plant in the US

Stellantis and Samsung SDI to Construct Second Battery Plant in the US

Stellantis and Samsung SDI recently announced their plans to build a second battery plant in the United States. This comes just four months after the groundbreaking ceremony for their first facility. Although the exact location of the second plant is currently unknown, production is not expected to commence until 2027.

The companies have formally agreed to construct the plant as part of the StarPlus Energy joint venture. This initiative, announced in May 2022, involves investing $2.5 billion to produce lithium-ion batteries at a new facility in Kokomo, Indiana. The second plant aims to achieve an annual production capacity of 34 gigawatt-hours (GWh), slightly higher than the initially planned capacity of 23 GWh for the Kokomo facility, which has since been increased to 33 GWh.