French-Italian automaker Stellantis and South Korean battery maker Samsung SDI on Monday announced plans to open a second joint venture electric vehicle battery factory in the United States, which should start production in 2027.
The two groups specified that the transaction had not yet been finalized and that the location of the site was still under study. The amount of the investment and the number of people to be employed there will be announced later, they added.
Sixth battery factory for Stellantis
“This new plant will help achieve our ambitious goal of bringing at least 25 new electric vehicles to the North American market by the end of the decade,” Stellantis CEO Carlos Tavares said in a statement.
This gigafactory, with an initial annual production capacity of 34 GWh per year, will be the manufacturer’s sixth battery factory.
Source: BFM TV
