Stellantis and Samsung SDI have announced that they have both signed a memorandum of understanding to establish a second gigafactory in the US, under the existing StarPlus Energy joint venture.
The companies announced plans to build their first battery manufacturing facility in Indiana, U.S back in May last year, with a plan to launch the site in 2025. The second gigafactory is targeted to start production in 2027 and the plant aims to have an initial annual production capacity of 34 gigawatt hours (GWh).
Stellantis CEO, Carlos Tavares, said:
“This new facility will contribute to reaching our aggressive target to offer at least 25 new battery electric vehicles for the North American market by the end of the decade.
“We are continuing to add more capacity in the United States together with our great partner Samsung SDI and laying the next steps to reaching our carbon neutrality commitment by 2038.”
As part of the Dare Forward 2030 strategic plan, Stellantis announced plans of reaching a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. To achieve these sales targets, the Company is securing approximately 400 GWh of battery capacity.
Stellantis is on track to become a carbon net zero corporation by 2038, all scopes included, with single-digit percentage compensation of remaining emissions.
Samsung SDI President and CEO, Yoon-ho Choi, said:
“By establishing the joint venture with Stellantis last year, we laid a solid groundwork for marking our presence in North America.
“The second plant will accelerate our market penetration into the U.S. and help Stellantis push forward the U.S. transition to an era of electric vehicles by supplying the products featuring the highest levels of safety and quality.”
As part of the Dare Forward 2030 strategic plan, Stellantis announced plans of reaching a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. To achieve these sales targets, the Company is securing approximately 400 GWh of battery capacity. Stellantis is on track to become a carbon net zero corporation by 2038, all scopes included, with single-digit percentage compensation of remaining emissions.
The transaction is subject to the execution of definitive documentation.
