Another day, another pair of corporate giants are joining forces to try and dominate an increasingly EV future. Samsung and Stellantis recently announced plans to build a battery manufacturing plant in Kokomo, Indiana.
The Associated Press reports that the two giant companies plan on building a factory roughly 60 miles north of Indianapolis. This plant is slated to open in early 2025 and will employ more than 1,400 people. Both Samsung and Stellantis have invested at least $2.5 billion dollars, but the companies are prepared to spend more than $3.1 billion dollars, if necessary.
This plant is part of Stellantis’s promise to build two battery plants in North America. Construction for the first plant in Windsor, Ontario should start in late 2022. This newly announced Indiana plant will be the second of the promised manufacturing plants.
The Indiana plant seems to be smaller and cheaper than the future Windsor location. It’s cheaper to build, only $2.5 billion dollars compared to the Windsor plant’s $4.1 billion dollar investment. The Indiana plant will employ about a thousand fewer people, as well.
The batteries manufactured at both the Windsor and Indianapolis area plants are key to Stellantis’s future product planning. Stellantis, which operates a plethora of multi-national brands including Peugeot and Jeep, plans to be entirely electric in Europe by 2030. We aren’t sure which vehicles will use batteries made at either plant, but Stellantis says that the batteries produced are intended to meet the needs of electrified North American Stellantis vehicles.
We can hardly wait to see what nifty fully electric Jeeps await us in the near future.
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