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AMSTERDAM, 24 July 2023: Stellantis and Samsung SDI have announced plans to build a second battery gigafactory in the United States. The new plant, which will be built under the existing StarPlus Energy joint venture, is expected to start production in 2027 and have an initial annual production capacity of 34 gigawatt-hours (GWh).
The location of the new plant is still under review, but it is expected to be located in the United States. The plant will be used to produce batteries for Stellantis’ electric vehicles, which are part of the company’s Dare Forward 2030 strategic plan.
As part of this plan, Stellantis aims to achieve 100% of passenger-car battery-electric vehicle (BEV) sales mix in Europe and 50% of passenger car and light-duty truck BEV sales mix in the United States by 2030. To meet these sales ambitions, the company is procuring 400 GWh of battery capacity.
The new battery gigafactory is a significant investment in Stellantis’ electrification plans. It will help the company to meet its ambitious sales targets and accelerate its transition to an era of electric vehicles.
Key Benefits of the New Battery Gigafactory
The new battery gigafactory will provide a number of benefits for Stellantis and Samsung SDI. These benefits include:
- Increased production capacity: The new plant will increase Stellantis’ battery production capacity by 34 GWh, which will help the company to meet its ambitious sales targets.
- Improved economies of scale: The new plant will benefit from economies of scale, which will help to reduce the cost of batteries.
- Increased research and development: The new plant will provide a platform for Stellantis and Samsung SDI to collaborate on research and development, which will help to develop new and innovative battery technologies.
- Job creation: The new plant is expected to create thousands of jobs in the United States.
Conclusion
The new battery gigafactory is a significant investment in Stellantis’ electrification plans. It will help the company to meet its ambitious sales targets and accelerate its transition to an era of electric vehicles. The plant will also provide a number of benefits for Stellantis and Samsung SDI, including increased production capacity, improved economies of scale, and increased research and development.
