Automaker Stellantis and Samsung SDI are teaming as much as construct a $2.5 billion EV battery plant in Indiana, reported CNBC. It’ll be the primary US-based battery plant for Stellantis, which has an umbrella of 16 manufacturers that embrace Jeep, Maserati, Dodge, Fiat and Chrysler. Construction on the lithium-ion battery manufacturing facility is ready to start later this yr, with a projected launch date for the primary quarter of 2025. This timing matches in properly with Stellantis’ aim of promoting 5 million EVs globally by 2030. The plant shall be situated in Kokomo, the place the Chrysler guardian firm already has a provider base.
Stellantis mentioned the Kokomo facility will present lithium-ion battery modules for a variety of automobiles, together with plug-in hybrids and full battery-electric automobiles. The timing is sensible, given the automaker’s bold electrification plans in each Europe and North America. As TechCrunch notes, Stellantis has been a reasonably late arrival to the electrical future. Currently the corporate solely sells three plug-in hybrids — the Chrysler Pacifica Hybrid Minivan, the Jeep Wrangler 4xe and the Jeep Grand Cherokee 4xe. Stellantis has thrown plenty of money and time into altering that, with plans to supply greater than 75 battery automobile fashions by 2030.
We’re due for numerous new EV ideas from Stellantis within the subsequent couple of years, together with an electrical Dodge muscle automobile, an all-electric Ram pick-up, a completely electrical 4xe mannequin in each Jeep SUV class and Chrysler’s 400-mile vary electrical SUV. All collectively, Stellantis has deliberate to take a position $35.5 billion in electrical automobiles by 2025. The automaker just lately additionally teamed up with LG to construct a $4.1 billion EV plant in Windsor, Ontario, which is projected to launch in 2024.