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Tag Archives: Stellantis and Samsung SDI
Stellantis and Samsung SDI JV to Build EV Batteries in Kokomo
The joint venture company will invest more than $2.5 billion (€2.3 billion) and create 1400 new jobs in Kokomo and the surrounding areas. The investment could gradually increase up to $3.1 billion (€2.9 billion). The new facility will supply battery modules for a range of vehicles produced at Stellantis’ North American assembly plants. Continue reading
Stellantis and Samsung SDI to Build Second US Battery Plant
“This new facility will contribute to reaching our aggressive target to offer at least 25 new battery electric vehicles for the North American market by the end of the decade,” said Stellantis CEO Carlos Tavares. “We are continuing to add more capacity in the United States together with our great partner Samsung SDI and laying the next steps to reaching our carbon neutrality commitment by 2038.” Continue reading →