USA: Stellantis and Samsung SDI Announce New Battery Plant

Stellantis and Samsung SDI, the automotive battery division of the Korean giant, have announced that an agreement was reached to build a battery manufacturing plant in the USA.

This will be the second plant of this type to be built as part of the StarPlus Energy joint venture: in May, the plant construction in Kokomo, Indiana, was announced and will go into operational in early 2025, having a production capacity of 33 GWh per year. In this second case, the target is 2027, with an initial annual production capacity of 34 GWh, but the location of the plant has yet to be revealed.

With this plant, Stellantis aims to support the company’s goal of introducing 25 new electric vehicle models to the US market by 2030.

“We are continuing to build our capacity in the United States in cooperation with our valued partner Samsung SDI and are taking further steps to reach our the zero-carbon goal by 2038,” commented Carlos Tavares, CEO of Stellantis.

The Stellantis Dare Forward 2030 plan is not just limited to launching a few new models in North America by the end of the decade, but also aims to achieve 100% sales of battery electric vehicles (BEV) in Europe and 50% sales of passenger car and BEVs in the US. This requires 400 GWh of battery capacity.