Expanding total production capacity to 67 GWh, including 33 GWh at Plant 1
Plant 1 to be operational in the first quarter of 2025, Plant 2 to be operational in early 2027 The site for Samsung SDI and Stellantis' second electric vehicle battery joint venture has been selected as Kokomo, Indiana, USA.
Samsung SDI and Stellantis announced on the 11th that they decided to build the second plant of their joint venture StarPlus Energy, announced in July, at a site near the first plant currently under construction.
The joint venture aims to complete the 'Starplus Energy Kokomo Gigafactory' with a total production capacity of 67 GWh.
Plant 1 is scheduled to start operation in the first quarter of 2025 with a capacity of 33 GWh, and Plant 2 is scheduled to start operation in early 2027 with a capacity of 34 GWh.
Kokomo City, where Starplus Energy's Gigafactory is located, is where Stellantis' parts production plant is located, and is expected to become a forward base for Stellantis' future electrification strategy.
Samsung SDI President and CEO Choi Yoon-ho said, “With the construction of the second Starplus Energy plant, we have established our largest electric vehicle battery production base in North America.” He added, “We expect that Stellantis-branded electric vehicles equipped with batteries embodying Samsung SDI’s cutting-edge technology will accelerate the transition to the electric vehicle era in the United States.”
Mark Stewart, Chief Operating Officer, Stellantis North America“We are thrilled to open our sixth Gigafactory in Kokomo, Indiana, working with our great partner, Samsung SDI, and the state of Indiana,” said Ja (Chief Operating Officer). “Stellantis’ electric vehicles, which will be supplied to North America, will play a critical role in realizing environmentally friendly, safe and affordable mobility for all.”
“This commitment from Stellantis and Samsung SDI will have a multiplying impact on the city of Kokomo and the state of Indiana for decades to come, doubling the investment and jobs,” said Indiana Governor Eric Holcomb. “This investment decision will serve as a catalyst as Indiana continues to lead and innovate in future mobility and become a global economic leader.”