Stellantis and Samsung SDI plan to build a second battery plant in the United States with an initial capacity of 34 GWh

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com, July 24 (Reuters)-Italian carmaker Stellantis and South Korean battery maker Samsung SDI plan to open a second joint venture plant in the United States to produce electric vehicle batteries, with the goal of starting production in 2027 with an initial capacity of 34GWh.

The two sides said the deal had not yet been finalized and the location of the factory was still under review. In addition, the amount of investment in the plant and the number of employees employed will be announced later.

CTOnews.com learned from Reuters that Stellantis CEO Carlos Tavares said in a statement: "this new plant will help achieve our goal of providing at least 25 new pure electric vehicles to the North American market by 2030."

Stellantis announced plans to sell 100 per cent of electric passenger cars in Europe and 50 per cent of electric cars and light trucks in the US by 2030. To achieve this, Stellantis wants to ensure about 400 GWh of battery capacity.

It is understood that Stellantis brands include Peugeot, Gyibug, Dodge Ram, Alfa Romeo, Citroen and Opel.

In May 2022, Stellantis and Samsung SDI said they would invest more than $2.5 billion to build their first joint battery plant, which is expected to open in Cuomo, Indiana, in the first quarter of 2025, with an initial capacity of 23 GWh and eventually 33 GWh.

The Indiana plant will then employ 1400 people and investment could gradually increase to $3.1 billion, the two sides said.