Stellantis and Samsung SDI to Form Joint Venture for Lithium-Ion Battery Production in North America
"Stellantis N.V. and Samsung SDI today announced that their companies have entered into a memorandum of understanding to form a joint venture to produce battery cells and modules for North America.Targeted to start 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.@v
