Samsung SDI Co Ltd, the South Korean multinational battery manufacturer, announced on Wednesday its strategic decision to establish its second joint electric vehicle (EV) battery plant in the United States. The selected location for this exciting project is the state of Indiana, a move set to further revolutionize the electric vehicle industry in collaboration with Stellantis NV, the multinational automotive corporation.This is both the companies’ second joint battery factory. According to Samsung SDI’s official statement, the combined annual production capacity at the Indiana site will be a staggering 67 gigawatt hours (GWh).
The first joint plant is scheduled to commence production in the first quarter of 2025, marking the beginning of a new era for EV battery manufacturing. The second joint plant is expected to become operational in early 2027, signaling the long-term vision of Samsung SDI and Stellantis in fostering sustainable mobility solutions.
This strategic expansion comes on the heels of Samsung SDI’s pledge to invest a substantial 2.7 trillion won (approximately USD 2.01 billion) into the construction of its second joint battery plant with Stellantis.
Stellantis, a key player in the automotive industry with renowned brands such as Peugeot, Jeep, Ram, Alfa Romeo, Citroen, and Opel, has demonstrated a resolute commitment to electrification. The company has set ambitious targets, including achieving 100% electric passenger car sales in Europe and a 50% car and light truck electric mix in the United States by 2030.
To accomplish this, Stellantis has articulated the need to secure approximately 400 GWh of battery capacity.
