Stellantis to build second US electric vehicle battery plant in joint venture with Samsung

Stellantis says it will build a second U.S. electric vehicle battery factory in a joint venture with Samsung. The automaker didn’t disclose the location but says in a statement Monday that it signed a memorandum of understanding with Samsung SDI under its existing joint venture called StarPlus Energy. The new plant will open in early 2027, joining a facility in Kokomo, Indiana, that’s scheduled to start production in early 2025. CEO Carlos Tavares says the second plant will help the company offer at least 25 new battery-electric vehicles in North America by the end of the decade. It would be the company's sixth battery factory worldwide. Stellantis is planning for half its U.S. passenger car and light truck sales to be battery electric by 2030. No financial details were released.