Jeep parent, Samsung SDI to partner on second U.S. electric vehicle battery plant

Stellantis plans to add a second electric vehicle battery plant in the United States in a joint venture with South Korea’s Samsung SDI. The companies, in an announcement timed for Monday morning, said the location of the new plant is under review. They said in a news release that they signed a memorandum of understanding, but that the transaction is “subject to the execution of definitive documentation.” The plant would be targeted to start production in 2027, according to the release. The companies are already partnered on a plant in...