Stellantis, Tavares: Two more battery factories are needed in the USA


Stellantis plans to build a battery factory in Indiana and one in Canada in partnership with Samsung SDI and LG Energy Solutions. Apparently, however, the automotive group could build two more plants for the production of accumulators in the United States.

On the sidelines of the inauguration of the factory dedicated to the production of cells for electric car batteries in Douvrin, France, owned by of Automotive Cells Company (joint venture between Stellantis, Mercedes and TotalEnergies), Carlos Tavares, CEO of Stellantis, confirmed that the Group would need additional accumulator plants in the United States to achieve the objectives of production they set themselves.

You know we're going to do two gigafatories in North America, one in Canada and one in Indiana and we know we're going to need a third and a fourth. There will be announcements about a third and fourth gigafactory in the US.

The Group's strategy is influenced by certainly the Inflation Reduction Act (IRA) since Tavares confirmed that the IRA has created very favorable conditions for investmentin this country. Is not serious; a novelty; as we have seen over the last few months. The Inflation Reduction Act rewards made in the USA production through a series of concessions.

Over the years, various car manufacturers have begun to look more and more at the market. interest in career opportunities linked to the Inflation Reduction Act also due to the fact that the tax credit for the purchase of electric cars provides for stringent production constraints.

Stellantis, therefore, could be the next automotive Group to want to take advantage of this opportunity. Investments which, as analysts fear, could penalize those in the Old Continent. Finally, let us recall that Stellantis' goal is to that of arriving at having a capacity; of global battery production of 400 GWh by 2030.

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