The Limited Times

Now you can see non-English news...

Stellantis and Samsung join forces to build a battery factory in the United States

2022-05-24T18:17:11.935Z


The building will be constructed in Kokomo, Indiana. The total cost of the project amounts to 2.5 billion euros.


2.5 billion.

This is the amount that Stellantis and Samsung SDI will invest to bring out of the ground a production plant of lithium-ion batteries in the United States.

The site will be located in Kokomo, Indiana and should be operational from 2025. In total, it will create 1,400 new jobs.

It could only be a first step.

The initial production of 23 gigawatt-hours (GWh), should be increased in a second time to 33 GWh.

The car manufacturer thus hopes to “

strengthen

” its capacity “

to produce batteries on a global scale

” and accelerate the shift towards less carbon-intensive energy.

To discover

  • Taxes 2022: all about your tax return

Read alsoStellantis takes on the difficult Indian market again

This decision to invest in the world's leading power makes sense for the two giants, as Yoonho Choi, President and CEO of Samsung SDI recalls, North America is "

growing

" in the electric vehicle segment.

Stellantis has set ambitious goals for the development of electricity.

The group hopes to sell 5 million per year of these vehicles equipped with a battery from 2030.

Source: lefigaro

All business articles on 2022-05-24

You may like

News/Politics 2024-04-15T12:32:47.674Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.