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Us Battery Plant

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business2 years ago

Stellantis and Samsung SDI Announce Second US Battery Plant

Stellantis and Samsung SDI have announced plans to open a second joint-venture plant in the US to produce electric vehicle batteries, with production set to begin in 2027. The location and investment details are yet to be finalized. The plant will have an initial production capacity of 34 GWh and will support Stellantis' goal of offering at least 25 new battery electric vehicles in North America by the end of the decade. This is part of Stellantis' broader plan to achieve 100% electric passenger car sales in Europe and a 50% electric mix in the US by 2030.