Stellantis, Samsung SDI To Make investments $3.2B In Second Indiana Battery Plant


Stellantis and its battery three way partnership accomplice Samsung SDI introduced Kokomo, Indiana, as the location for his or her second battery cell plant within the US.

This would be the second StarPlus Power gigafactory in Kokomo, and it will likely be constructed subsequent to the gigafactory at the moment underneath development. The businesses’ StarPlus Power three way partnership will make investments greater than $3.2 billion to co-locate the brand new battery plant with the primary one.

The brand new website is predicted to start manufacturing in early 2027 with an annual capability of 34 gigawatt-hours. The ability will create 1,400 new jobs in Kokomo and the encompassing areas.

The first StarPlus gigafactory that is already underneath development is predicted to go surfing within the first quarter of 2025 with an annual manufacturing capability of 33 GWh. Each Kokomo battery cell crops are estimated to have a mixed annual manufacturing capability of 67 gigawatt-hours, based on StarPlus Power.

The entire funding for each services can be greater than $6.3 billion – together with $3.2 billion for the second – and can create a complete of two,800 new jobs.

“Our battery ecosystem is the muse of our electrification technique, and our nice companions Samsung SDI, the state of Indiana and town of Kokomo have created a compelling case for finding our sixth gigafactory in Kokomo,” stated Mark Stewart, Stellantis COO North America.

“The BEVs coming to our North America manufacturers play an vital function in our drive to supply clear, protected and inexpensive mobility for all and obtain the daring objective of carbon internet zero by 2038.”

As a part of its Dare Ahead 2030 strategic plan, Stellantis has introduced plans of reaching a one hundred pc passenger-car battery-electric automobile (BEV) gross sales combine in Europe and 50 p.c passenger-car and light-duty truck BEV gross sales combine in the USA by 2030. To make that doable, Stellantis stated it desires to safe about 400 GWh of battery capability.

The brand new plant is the sixth battery facility globally to help Stellantis’ electrification plan and the third in North America – there’s additionally one underneath development in Windsor, Ontario, Canada. The automaker owns manufacturers comparable to Chrysler, Dodge, Jeep, Ram, Alfa Romeo, Fiat, and Maserati – to call solely these which are current in North America. 

The 2 battery gigafactories in Kokomo, Indiana, will signify Samsung SDI’s largest manufacturing base for EV batteries in North America. The Korean firm additionally has a battery three way partnership with Common Motors, and development of their first battery plant will start in 2024, additionally in Indiana.


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