Stellantis, Samsung SDI plan new battery plant in Indiana

Stellantis NV and Samsung SDI Co Ltd. plan to build a second U.S. battery manufacturing facility, the companies said Wednesday. The new facility will be in Kokomo, Ind. and will be part of the StarPlus Energy joint venture. Stellantis STLA, and Samsung SDI 006400, expect that the new plant will start production in early 2027 and have an annual capacity of 34 gigawatt hours. There is another StarPlus Energy gigafactory under construction in Kokomo that’s expected to open in the first quarter of 2025. The joint venture intends to invest...