Stellantis needs 400 GWh of annual battery capacity to meet its ambitious EV production and sales goals
Stellantis and Samsung SDI will build their second joint venture battery manufacturing facility in Kokoma, Indiana. The new facility will be brought to life through the StarPlus Energy joint venture at a cost exceeding $3.2 billion. Production is expected to start in early 2027 and the two firms are targeting an annual capacity of 34 GWh. The site will create 1,400 new jobs in Kokoma and the surrounding areas.
Gigafactory “Our battery ecosystem is the foundation of our electrification strategy and our great partners Samsung SDI, the State of Indiana, and the City of Kokomo have created a compelling case for locating our sixth gigafactory in Kokomo,” Stellantis North America chief operating officer Mark Stewart said. “The BEVs coming to our North America brands play an important role in our drive to offer clean, safe and affordable mobility for all and achieve the bold goal of carbon net zero by 2038.
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