Stellantis and Samsung Battery Manufacturing Creating up to 2,800 jobs in IN

Discussion in 'Stellantis' started by xcel, Oct 19, 2023.

  1. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    Hi All:

    Stellantis N.V. and Samsung SDI announced that Kokomo, Indiana, will be the site for a second battery manufacturing facility in the United States as part of the StarPlus Energy joint venture. The new StarPlus Energy plant is expected to begin production in early 2027 with an annual capacity of 34 gigawatt hours (GWh). The joint venture company will invest more than $3.2 billion and create 1,400 new jobs in Kokomo and the surrounding areas. The total investment for both facilities will be more than $6.3 billion and create 2,800 total new jobs.

    In late March, the first piece of steel for the Stellantis/Samsung SDI battery manufacturing facility in Kokomo, Indiana, was raised.​

    This will be the second StarPlus Energy gigafactory in Kokomo. Construction is already underway on the first StarPlus Energy gigafactory, which is on track to open by the first quarter of 2025 with an annual production capacity of 33 GWh.
    As part of the Dare Forward 2030 strategic plan, Stellantis announced plans of reaching a 100% passenger-car battery-electric vehicle (BEV) sales mix in Europe and 50% passenger-car and light-duty truck BEV sales mix in the United States by 2030. To achieve these sales targets, the company is securing approximately 400 GWh of battery capacity. Stellantis is on track to become a carbon net zero corporation by 2038, all scopes included, with single-digit percentage compensation of remaining emissions.

    Stellantis is one of the world’s leading automakers and a mobility provider. Its brands embody the passion of today’s customers including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys.

    EdwinTheMagnificent and BillLin like this.
  2. litesong

    litesong litesong

    It would be sweet if Stellantis (a combination of second level, but long-term existing auto companies) have good combined technology to be competitive in EV's.

    Certainly, the first hesitant efforts by the auto industry into the EV field, give room for any up&comers to help form the "EV Future".
    Last edited: Oct 20, 2023
    xcel likes this.

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