Samsung SDI is teaming up with Stellantis, a global automotive manufacturer, to construct a second electric vehicle battery plant in the U.S.
On the 24th, Samsung SDI and Stellantis announced that they have signed a memorandum of understanding to build the second facility of their joint venture, Star Plus Energy, established in Indiana, USA last year.
The two companies plan to construct an electric vehicle battery plant with an annual production capacity of 34GWh, targeting to begin operations by 2027. The location for the new plant is currently under review.
The first plant, which is under construction in Kokomo, Indiana, is set to ramp up its production capacity from the initially planned 23GWh to 33GWh, scheduled to start operations in the first quarter of 2025.
With the addition of the second plant, the total electric vehicle battery capacity that Samsung SDI can supply to Stellantis in the U.S. will reach 67GWh.
Through the construction of the second plant, Samsung SDI aims to accelerate its entry into the U.S. electric vehicle market and actively participate in Stellantis’ electrification strategy.
Chaeyun Ho, CEO of Samsung SDI, stated, “The establishment of our joint venture with Stellantis last year has established a solid foothold in the North American electric vehicle market,” adding, “With the second plant, we will accelerate our market entry and supply products with the highest safety and quality so Stellantis can lead the transition to the electric vehicle era in the United States.”
Carlos Tavares, CEO of Stellantis, commented, “This new plant will allow us to supply at least 25 new electric vehicle models in North America by 2030,” further expressing, “We will continue to collaborate with Samsung SDI to expand our production capacity in the U.S. and strive to achieve our carbon neutrality goal by 2038.”
Lee Sang-jin daedusj@autodiary.kr