Stellantis N.V. (NYSE: STLA), in a joint venture with Samsung SDI, disclosed Kokomo, Indiana, as the second site for the electric vehicle battery manufacturing facility in the U.S.
As part of the StarPlus Energy joint venture, the companies will invest over $3.2 billion to co-locate a new facility with a gigafactory currently under construction, creating 1,400 new jobs.
The combined annual production capacity of Kokomo gigafactories are expected to reach 67 gigawatt hours (GWh).
The production at the second facility is projected to start in early 2027, ...