Stellantis and Samsung to build battery plant
![Photo: Pascal Rossignol/Reuters/Ritzau Scanpix](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article14062156.ece/ALTERNATES/schema-16_9/20220503-092949-5-8192x4601ma.jpg)
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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