To carry out its electrification plan, Stellantis will build & agrave; a series of factories for the production of battery cells which will then be used on its future new electric cars. As for the American market, an important news arrives. The automotive group, in fact, has announced that it has identified the place to build a new gigafactory through the joint venture with Samsung SDI.
The choice is; fall on the city & agrave; by Kokomo, in Indiana . The plant is reportedly expected to become operational in 2025. Initially, it will have; a capacity annual rate of 23 GWh, with the aim of reaching 33 GWh in the following years. However, in light of the forecast growth in demand for electric vehicles, Stellantis says that the capacity total will increase further.
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For the construction of this new factory, the joint venture will invest; 2.5 billion dollars (approximately € 2.3 billion). However, Stellantis confirms that over time the investment could reach up to 3.1 billion dollars (2.9 billion euros). The plant will be very important also for the economy of the place since it will give I work 1,400 people. This production site will provide; batteries for Stellantis North American assembly plants only. Construction of the factory is expected to begin by the end of the year. Samsung SDI pointed out that it will use; its PRiMX technology for the production of cells and modules for EV batteries.
We remind you that this plant will not be; the only one of Stellantis in America. In fact, through the joint venture with LG Energy Solution will be & agrave; also built a gigafactory in Windsor, Ontario, Canada. This establishment will have; a capacity per year, once fully operational, of 45 GWh. Carlos Tavares , CEO of Stellantis, on the new factory built with Samsung SDI, commented:
A little less than a year ago, with five battery factories in Europe and North America, we are committed to an ambitious electrification strategy. Today's announcement further strengthens our worldwide battery manufacturing and demonstrates Stellantis & # 39; s commitment to creating that carbon-neutral future already. outlined in the plan & ldquo; Give Forward 2030. I am grateful to Governor Holcomb, Secretary Chambers, Mayor Moore and their teams, as well as & eacute; to all my colleagues for their support and commitment to bring this operation to Kokomo, a city & agrave; whose relationship with our company has a rich and long history.
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