(Reuters) – French-Italian automaker Stellantis and South Korean battery maker Samsung SDI said on Monday plans to jointly open a second electric vehicle battery factory in the United States, which is expected to start production in 2027.
The two groups specified that the transaction had yet to be finalized and that the location of the site was still under study. The amount of the investment and the number of people who will be employed there will be announced later, they added.
“This new plant will help achieve our ambitious goal of bringing at least 25 new electric vehicles to the North American market by the end of the decade,” Stellantis chief executive Carlos Tavares said in a statement.
This gigafactory, with an initial annual production capacity of 34 GWh per year, will be the manufacturer’s sixth battery factory.
(Ben Klayman in Detroit and Heekyong Yang in Seoul, with Gilles Guillaume in Paris)
2023-07-24 04:49:51
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