Stellantis and Samsung to build battery plant

The two major companies will set up the factory in the US state of Indiana.

Photo: Pascal Rossignol/Reuters/Ritzau Scanpix

Major automaker Stellantis, which encompasses brands like Chrysler, Citroën, Fiat, Opel, and Peugeot, joins forces with Samsung to invest USD 2.5bn in a battery factory in the US state of Indiana.

This is to accelerate the transition to production of electric vehicles, writes Bloomberg News.

The plant will start off with a capacity of 23GWh upon completion in 2025. Subsequently, production will be dialed up to 33GWh, the two companies report, according to Bloomberg.

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