Automaker Stellantis and Samsung SDI are teaming up to build a $2.5 billion EV battery plant in Indiana, CNBC reported. It will be the first US-based battery factory for Stellantis, which has an umbrella of 16 brands, including Jeep, Maserati, Dodge, Fiat and Chrysler. Construction of the lithium-ion battery manufacturing facility is set to begin later this year, with an expected launch date for the first quarter of 2025. This timing fits well with Stellantis’ goal of selling 5 million electric vehicles worldwide by 2030. are located in Kokomo, where Chrysler’s parent company already has a supplier base.
Stellaantis said the Kokomo facility will supply lithium-ion battery modules for a wide range of vehicles, including plug-in hybrids and all-battery electric vehicles. The timing makes sense, given the carmaker’s ambitious electrification plans in both Europe and North America. As TechCrunch points out, Stellantis is a pretty late arrival in the electric future. Currently, the company only sells three plug-in hybrids: the Chrysler Pacifica Hybrid Minivan, the Jeep Wrangler 4xe and the Jeep Grand Cherokee 4xe. Stellantis has invested a lot of time and money to change that, with plans to offer more than 75 battery vehicle models by 2030.
We expect a number of new EV concepts from Stellantis in the coming years, including an electric Dodge muscle car, an all-electric Ram pickup, an all-electric 4xe model in every Jeep SUV category, and Chrysler’s 400-mile range electric SUV. All told, Stellantis plans to invest $35.5 billion in electric vehicles by 2025. The automaker also recently partnered with LG to build a $4.1 billion EV plant in Windsor, Ontario, expected to start operation in 2024.
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