Stellantis and Samsung SDI will open a Lithium-ion battery factory in North America [Update]
Amsterdam-headquartered global auto manufacturer Stellantis and South Korean battery maker LG Energy Solution announced a joint venture on October 18 to produce battery cells and modules for North America. Now Stellantis has today announced yet another battery production partnership, with Samsung SDI.
October 22 update: Stellantis today announced that it has entered into yet another memo of understanding, this time with Samsung SDI, to form a joint venture to produce battery cells and modules for North America.
This new battery factory is targeted to start production in 2025. The plant aims to have an initial annual production capacity of 23 gigawatt hours, with the ability to increase up to 40 gigawatt hours in the future.
https://electrek.co/2021/10/22/stellantis-samsung-sdi-joint-battery-factory-north-america/
I can feel an off-take is around the corner!!
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