KOKOMO, Ind. (AP) — A joint venture between Stellantis and Samsung plans to build an electric vehicle battery factory in Indiana that will employ up to 1,400 workers and become the company’s second such factory in North America. The venture announced Tuesday aims to spend more than $2.5 billion on the plant in Kokomo that will supply electric battery modules for a range of vehicles produced at Stellantis’ North American assembly plants. The Kokomo plant is expected to open in early 2025. Stellantis formed last year with the merger of Fiat Chrysler and France’s PSA Peugeot. It announced in March that it plans to spend $4.1 billion in a joint venture with LG Energy Solution of Korea to build electric vehicle battery factory in Windsor, Ontario.
BE PART OF THE CONVERSATION
ABC 17 News is committed to providing a forum for civil and constructive conversation.
Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here
If you would like to share a story idea, please submit it here.