Stellantis and Samsung SDI to build $2.5 billion EV battery plant in Indiana
 

Automaker Stellantis and Samsung SDI are teaming up to build a $2.5 billion EV battery plant in Indiana, reported CNBC. It’ll be the first US-based battery plant for Stellantis, which has an umbrella of 16 brands that include Jeep, Maserati, Dodge, Fiat and Chrysler. Construction on the lithium-ion battery manufacturing facility is set to begin later this year, with a projected launch date for the first quarter of 2025. This timing fits in nicely with Stellantis’ goal of selling 5 million EVs globally by 2030. The plant will be located in Kokomo, where the Chrysler parent company already has a supplier base.

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