On Monday, the French-Italian carmaker Stellantis as well as the South Korean battery manufacturer Samsung SDI announced plans to establish a new joint-venture facility in the United States to produce batteries for electric vehicles. The project is assumed to start operations by 2027.
Both firms stated that the acquisition still has to be completed and that the location of the facility is still being considered. Additionally, later on, it will be revealed how much money is going to be invested in the location and exactly how many people will work there. The facility will initially be able to produce 34 gigawatt hours or GWh.
“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,” Stellantis CEO Carlos Tavares said in a statement.
“The second plant will accelerate our market penetration into the U.S.,” Samsung SDI CEO Yoon-ho Choi said in the statement.
Source: cnbc.com
By 2030, Stellantis, a company whose product lines comprise Citroen, Peugeot, Ram, Jeep, Alfa Romeo, and Opel, wants to sell only electric cars for passengers in Europe and a mix of fifty percent electric cars and light-duty trucks in the United States. It has stated that it needs to obtain 400 GWh of capacity for batteries in order to do that.
Stellantis stated in 2021 that it intended to invest a total of $35 billion worldwide until 2025 in electric vehicle manufacture and software. The second American battery factory, according to Stellantis, is going to be the sixth facility to help the business.
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Stellantis along with Samsung SDI announced in May 2022 that they will invest over two billion dollars to construct the initial joint battery production, which would be operational in Kokomo, Indiana, by the first half of 2025.
The initial capacity of such a facility will be 23 GWh, and it will gradually increase to 33 GWh.
At the time, the firms predicted that 1,400 employees would work at the Indiana factory, and investments might eventually reach 3.1 billion USD.
In addition, Stellantis is constructing a battery facility in Windsor, Ontario, Canada in partnership with LG Energy Solution of South Korea. 2,500 jobs will be created by the facility when it opens in 2024, and it will have a manufacturing capacity of more than 45 GWh per year.
To establish a collaborative battery facility in the United States with a 2026 opening and a 30 GWh yearly capacity, Samsung SDI along with General Motors announced in April that they will invest over three billion dollars. Additionally planned for Indiana, this facility will have 1,700 workers.
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