While LG Energy Solution and SK On already have facilities in the United States and are building new ones, Samsung SDI will launch its first North American site only in the first half of 2025, when it will build a traction battery facility in Indiana together with Stellantis. The project budget will vary from $2.5 to $3.1 billion.
In the first phase, as Bloomberg explains, 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 in the future, production capacity can be increased to 33 or even 40 GW‧ h per year. The plant will employ about 1,400 people, and for Stellantis, its location will be convenient in that transmissions and internal combustion engines for cars belonging to the concern are already being produced in the neighborhood, and cars are being assembled nearby in Ohio and Illinois. Obviously, as the transition to electric vehicles, and by 2030, Stellantis expects to transfer at least half of the range of cars sold in the United States to electric traction, employees will migrate from traditional industries to new ones, but their rights are carefully protected by the union. The authorities of the state of Indiana are ready to provide subsidies to partners in the amount of at least $ 186.5 million, additional support will be provided by the municipality of Kokomo and other local structures.
By 2030, Stellantis intends to launch at least five large enterprises in Europe and North America, which could eventually produce traction batteries with a total capacity of 400 GWh per year. The automaker intends to sell 5 million electric vehicles a year worldwide by the end of the decade. By that time, the entire European range of light vehicles will be converted to electric traction. In March, Stellantis reached an agreement with LG Energy Solution to build a traction battery manufacturing facility in Canada. Competitor Samsung SDI has facilities in China, South Korea and Hungary, and its Indiana facility will be its first in the US.
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