Stellantis And Samsung SDI's Battery Factory Construction Now Underway via insideevs.com
Stellantis and Samsung SDI released a quick update related to their battery joint venture in Kokomo, Indiana, where the two partners are building a new lithium-ion cell factory.
The first milestone of the project is the raising of the first piece of steel that will form the structure of the new gigafactory. The beam was signed by the joint venture management team and the Kokomo mayor.- will start producing EV batteries as soon as in the first quarter of 2025.The initial annual production capacity is 23 gigawatt-hours , although there is a plan to increase it in the next few years to 33 GWh.The plant itself is a significant project, which requires a $2.
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