Stellantis, the parent company of Chrysler, Dodge, Jeep, and Citroen, in partnership with South Korean battery manufacturer Samsung SDI, has announced the establishment of a new battery manufacturing gigafactory in Kokomo, Indiana, USA. The project involves a significant investment of more than $3.2 billion.
This decision follows the formation of the StarPlus Energy joint venture between Stellantis and Samsung in 2021, aimed at producing battery cells and modules for Stellantis electric vehicles in North America. The Kokomo facility will be the second of its kind under the joint venture, with a combined investment of over $6.3 billion and the creation of 2,800 new jobs across both locations.
The new StarPlus Energy plant is slated to commence production in early 2027, boasting an annual capacity of 34 gigawatt hours (GWh). Construction is already in progress for the first StarPlus Energy gigafactory, set to open by the first quarter of 2025, with an annual production capacity of 33 GWh.
As part of Stellantis’ Dare Forward 2030 strategic plan, the company aims to achieve a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and a 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. To meet these objectives, Stellantis is securing approximately 400 GWh of battery capacity. Additionally, the company is on course to become a carbon net-zero corporation by 2038, encompassing all emissions sources, with only a small percentage of remaining emissions.
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