Stellantis and Samsung are set to establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana. Targeted to start production in 2025, the plant aims to have an initial annual production capacity of 23GWh, increasing to 33GWh in the following few years. The total capacity will increase further as demand for Stellantis electric vehicles is expected to rise.
“Just under one year ago, we committed to an aggressive electrification strategy anchored by five gigafactories between Europe and North America,” said Carlos Tavares, CEO of Stellantis. “Today’s announcement further solidifies our global battery production footprint and demonstrates Stellantis’s drive toward a decarbonized future as outlined in Dare Forward 2030. I am grateful to Governor Holcomb and Secretary Chambers along with Mayor Moore and their teams, as well as to all my colleagues for their support and dedication to bringing this operation to Kokomo, a city that holds a rich and long history for our company.”