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Stellantis to build new battery plant in Indiana | #1 Technology News Source by Kalen2utech
Published On: Wed, May 25th, 2022

Stellantis to build new battery plant in Indiana

Stellantis and Samsung SDI said on Tuesday they will group adult to build a $2.5 billion lithium-ion battery plant in Indiana.

The project, that will emanate 1,400 new jobs and could transcend a $3 billion symbol once it’s complete, is Stellantis’ initial battery plant in a U.S. and a fifth worldwide.

The latest bureau is slated to open in 2025 nearby Stellantis’ engine, casting and delivery plants in Kokomo, Indiana, where a association is also investing $229 million to furnish electrified, eight-speed transmissions to assistance strech a idea for EVs to paint some-more than half of a U.S. sales by 2030.

The news comes one day after Hyundai’s blockbuster proclamation that it skeleton to deposit $10 billion in mobility creation in North America by 2025, including $5.5 billion in an EV plant and battery prolongation trickery outward of Savannah, Georgia. That plan represents a largest-ever mercantile growth understanding recruited by a Peach State.

Stellantis’ corner try with a South Korean battery manufacturer in Indiana will support a tellurian juggernaut’s idea to ramp adult electric car production. The Chrysler primogenitor association is investing some-more than $35 billion in electrification, software, and record by 2025, and expects to launch some-more than 75 new battery-electric models, including 25 nameplates in a U.S. and Canada, by 2030.

Stellantis announced in Mar skeleton to deposit $4.1 billion in a apart lithium-ion battery corner try with LG Energy Solution. That plant is approaching to open in Windsor, Ontario, in 2024.

The new battery bureau in Kokomo will have an initial annual prolongation ability of 23 gigawatt-hours, with a ability to boost to adult to 33 gigawatt-hours in a future, pronounced Mark Stewart, COO of Stellantis North America.

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