Stellantis, Samsung SDI Make Deal for Second US Battery Factory
24 Julio 2023 - 12:55AM
Noticias Dow Jones
By David Sachs
Stellantis said Monday that it has a deal with Samsung SDI to
build a second battery factory in the U.S. for an undisclosed
sum.
The Netherlands-based car maker whose brands include Jeep and
Dodge said it has a memorandum of understanding with the South
Korean battery manufacturer to build the plant to fuel its
transition to fully electric vehicles.
Stellantis said the factory is scheduled to start manufacturing
in early 2027 and will have an initial annual production capacity
of 34 gigawatt hours.
The electric-vehicle battery plant, known as a "gigafactory," is
the second such partnership between the two companies. Stellantis
and Samsung SDI are currently building a gigafactory in Kokomo,
Indiana, with a production launch date expected in early 2025, the
car maker said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
July 24, 2023 01:40 ET (05:40 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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