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Stellantis announced on Friday that it has reached an agreement on a joint venture with Samsung SDI to build a factory in North America to produce battery cells and modules.
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The plant will have an initial capacity of 23 gigawatt hours with the capacity to increase it up to 40 gigawatts.
The plant is scheduled to come online in 2025 and no installation site has been selected.
“With the commissioning of the next battery plants, we will be well positioned to compete and ultimately win in the North American electric vehicle market,” said Carlos Tavares, CEO of Stellantis, in a statement from press.
“Our strategy of working with highly regarded partners increases the speed and agility required to design and build safe, affordable and sustainable vehicles that exactly match what our customers demand.”
The announcement is Stellantis’ second this week about the construction of battery factories in North America.
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On Monday, the company revealed a joint venture with LG Energy Solution to build a plant in North America. Also, no site has been selected for that installation.
That plant is expected to begin construction in early 2024 and have a capacity of 40 gigawatt hours.
Stellantis is accelerating its electric vehicle plans and intends to spend around $ 54 billion through 2025 on electrification and software.
The company expects 40 percent of its sales in the US to be electric vehicles by 2030.
Stellantis’ electrification plans include spending up to $ 1.5 billion to remodel the Windsor assembly plant. The plant will obtain one or more new electric models in addition to being able to continue producing the Stellantis minivan line.
When completed, the Windsor plant will be the only facility in the world to produce three powertrain options: gas, hybrid and all-battery electric.
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Reference-windsorstar.com