Stellantis, Samsung SDI to invest $3.2B for 2nd Kokomo EV battery plant

KOKOMO, Ind. – Stellantis and Samsung SDI will invest more than $3 billion to build a second battery plant in Indiana. The Kokomo “gigafactory” facility will produce batteries for electric vehicles. It’s expected to create about 1,400 jobs. The companies previously announced plans in May 2022 to build an EV battery facility in the city. Also expected to create 1,400 jobs, it’s set to open in 2025. The second plant will be built adjacent to the first one, the companies said. It’s slated to open in 2027. “Indiana’s economy is...