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Samsung SDI and Stellantis will build a facility in Indiana to produce traction batteries

Samsung SDI and Stellantis will build a facility in Indiana to produce traction batteries

While LG Energy Solution and SK On already have facilities in the US and are building new ones, Samsung SDI will launch its first North American site only in the first half of 2025, when it and Stellantis will build a traction battery manufacturing facility in Indiana.
The project budget will range from $2.5 to $3.1 billion.Image source: Samsung SDIIn the first phase, as explained by Bloomberg, the joint venture between Samsung SDI (51%) and Stellantis NV (49%) will be able to produce battery cells with a combined capacity of 23 GW‧h annually, but later production capacity can be increased to 33 or even 40 GW‧h per year.
The plant will employ about 1,400 people, and the location is convenient for Stellantis because transmissions and internal combustion engines for the company's cars are already manufactured nearby, and cars are assembled nearby in Ohio and Illinois.
Obviously, as Stellantis transitions to electric cars - by 2030 Stellantis expects to convert at least half of its U.S.
sales to electric power - employees will migrate from traditional to new facilities, but their rights are closely guarded by the union.
The Indiana government is ready to provide its partners with at least $186.5 million in subsidies and Kokomo municipality and other local structures will provide additional support.Stellantis itself intends to launch at least five large enterprises in Europe and North America by 2030 that could eventually produce traction batteries with a combined capacity of 400 GWh per year.
By the end of the decade, the automobile concern intends to sell 5 million electric cars per year worldwide.
By then, the entire European range of passenger cars will be converted to electric power.
In March, Stellantis reached an agreement with LG Energy Solution to build a facility to produce traction batteries in Canada.
The competitor Samsung SDI has facilities in China, South Korea and Hungary, and the Indiana plant will be its first in the United States.

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