Samsung SDI-Stellantis to Build Second Electric Vehicle Battery Plant in the US

Operation in 2027... Annual Production Capacity of 34 GWh
Plant 1 to Start Operation from Q1 2025
President Choi Yoon-ho: "Accelerating Entry into the US Market"

Samsung SDI will build its second electric vehicle battery factory in the United States in partnership with global automaker Stellantis.

On the 24th, Samsung SDI and Stellantis announced that they signed a memorandum of understanding (MOU) to construct the second plant of their joint venture StarPlus Energy, established last year in Indiana, USA. The two companies plan to build an electric vehicle battery factory with an annual production capacity of 34GWh, aiming to start operations in 2027. The location of the new factory site is currently under review.

The first plant in Kokomo, Indiana, which is currently under construction, has expanded its original plan from 23GWh to 33GWh annual capacity and is scheduled to begin operations in the first quarter of 2025. With the addition of the second plant, Samsung SDI’s total electric vehicle battery supply capacity to Stellantis in the U.S. will reach 67GWh.

Choi Yoon-ho, CEO of Samsung SDI, said, "Through the establishment of the joint venture with Stellantis last year, we have secured a solid foothold in the North American electric vehicle market." He added, "We will accelerate our entry into the U.S. market through the second plant and supply products with the highest safety and quality to help Stellantis advance the transition to the electric vehicle era in the U.S."

Carlos Tavares, CEO of Stellantis, stated, "With this new factory, we will be able to supply at least 25 new electric vehicle models in the North American region by 2030." He also said, "We will continue to expand production capacity in the U.S. through ongoing cooperation with Samsung SDI and strive to achieve carbon neutrality by 2038."

This content was produced with the assistance of AI translation services.