Stellantis and Samsung SDI announced that Kokomo, Indiana, will be the site for a second battery manufacturing facility in the United States as part of the StarPlus Energy joint venture. The new StarPlus Energy plant is expected to begin production in early 2027 with an annual capacity of 34 gigawatt hours (GWh).

The joint venture company will invest over $3.2 billion (€2.8 billion) and create 1,400 new jobs in Kokomo and the surrounding areas. The total investment for both facilities will be over $6.3 billion (€5.5 billion) and create 2,800 total new jobs. Construction is already underway on the first StarPlus Energy gigafactory, which is on track to open by the first quarter of 2025 with an annual production capacity of 33 GWh.

Statements from Stellantis and Samsung SDI about the gigafactory

“Our battery ecosystem is the foundation of our electrification strategy and our great partners Samsung SDI, the State of Indiana, and the City of Kokomo have created a compelling case for locating our sixth gigafactory in Kokomo,” said Mark Stewart, Stellantis COO North America. “The BEVs coming to our North America brands play an important role in our drive to offer clean, safe and affordable mobility for all and achieve the bold goal of carbon net zero by 2038.”

“Through construction of the second battery plant of StarPlus Energy, Samsung SDI will be establishing its largest production base for electric vehicle batteries in North America,” added Yoon-ho Choi, President and CEO of Samsung SDI. “We expect Stellantis brand vehicles powered by Samsung SDI batteries featuring supreme technologies to contribute to accelerating the U.S. transition to an era of electric vehicles.”

Highlights

Related articles

Tesla to cut about 10% of its workforce due to global sales fall

Musk told employees with an internal message that the workforce reduction is inevitable and foresees quite difficult times for the company and the whole economy. Apparently, war prices over electric vehicles and the difficult challenge posed by Chinese manufacturers is affecting the global brand.
News