June 13, 2024

New York

Samsung has chosen Indiana for a second time to host a new electric vehicle battery plant it is planning to build with Stellantis.

The two companies announced Wednesday that they are investing more than $3.2 billion to build the new plant, which will open in early 2027 and have an annual capacity of 34 gigawatt hours. Its opening will bring about 1,400 new jobs to Kokomo, located an hour north of Indianapolis.

StarPlus Energy, the joint venture formed by Samsung and Stellantis, previously chose Kokomo for its first gigafactory that’s currently under construction and scheduled to open in 2025. In total, the two factories will produce 67 gigawatt hours annually.

“Indiana’s economy is on a roll,” said Indiana Governor Eric Holcomb in a press releasing adding that the second plant means the companies are doubling their capital investment and the amount of new jobs being created.

The factories will help Stellantis meet its goal for battery electric passenger cars to make up 100% of its sales in Europe, and 50% of its sales in the US, by 2030. Stellantis announced in 2021 an “aggressive” investment of $35 billion for electric vehicle production and needs 400 gigawatt hours annually to meet its 2030 goal.

Stellantis (STLV) was created in 2021 through the merger of Fiat Chrysler and PSA Group, maker of Peugeot, Citroën, Opel and Vauxhall cars in Europe. Shares rose nearly 2% in premarket trading.

litmatch make new friends apps on google play
gift code myths of moonrise january 2023 youtube
pull the pin mod apk 0 138 1 unlocked happymod
dragon age senior creative director leaves bioware vapeone uk
new method dice dreams hack cheats free rolls mod generator
how to get free gems cash fast in project makeover reddit
download beach buggy racing 2023 01 11 apk mod free 5play
Free TikTok Coins: The Holy Grail of Success
Gewinnen von Kostenlosen Münzen: TikTok-Herausforderungen und Belohnungen
Coin Master Free Spins Myths and Facts: Unraveled
Unlocking Avacoins in Avakin Life: Insider Techniques
Bingo Blitz Credits Hack: Expert Recommendations
Free Spins in Coin Master: Your Ticket to Village Domination
how to claim free primogems from game awards 2022 reward
ZEPETO Zems Farming Strategies: Success Tips
match masters free coins archives smartphoneprice com
Free TikTok Coins: Your Ticket to Stardom
Unlocking Gems in Brawl Stars: Insider Techniques
dragon city hack cheats generator for free gems 2023
family island free rubies familyislandgame tiktok
hay day free diamonds generator without human verification
litmatch make new friends apps on google play
myths of moonrise codes wiki 2022 september theclashify
download pin rescue mod v2 0 4 unlimited money for android
evony the king s return hack free gems safe method
dice dreams free rolls generator online 2 may 2022
project makeover mod apk v2 50 1 unlimited money apkloo
beach buggy racing mod apk v2023 01 11 unlimited money
Free TikTok Coins: The Game Changer
Ganando Monedas Gratis: Desafíos y Recompensas en TikTok

Leave a Reply

Your email address will not be published. Required fields are marked *