Stellantis prepares for an electric future. The group has entered into an agreement with Samsung SDI, the battery and semiconductor division of the Korean company, for the construction of a battery factory in the United States. It should be operational by 2025.
The ink of the fountain pens at Stellantis must be gone by now. Last week, Stellantis announced that it is working with LG on a battery factory in the US, and now the joint venture with Samsung SDI has been added. It is striking that Stellantis is working with the two competing companies from South Korea in the same area. Just like with LG, Stellantis is building one battery factory with Samsung. Stellantis will announce the location of the factory at a later date. The facility should be operational in 2025, initially with a production capacity of 23 GWh per year. Later that number will increase to 40 GWh per year.
Stellantis is thus taking another step in securing production capacity for batteries. Those batteries are ultimately destined for the car factories in the US, Canada and Mexico. The group expects 40 percent of its US sales to consist of ‘electrified vehicles’ by 2030 and will invest more than €30 billion in electrification and software by 2025. It is not yet clear how much the new battery factories will cost. In Europe, Stellantis is building battery plants with the Automotive Cells Corporation, a joint venture with Total. ACC wants to build battery factories in Douvrin in France and Kaiserslautern in Germany. Together, these should account for a final production capacity of more than 56 GWh per year.
– Thanks for information from Autoweek.nl