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Top related persons:
Heekyong Yang - 2 Shawn Fain - 1 Fain - 1 Stellantis - 1 Ram - 1 Alfa Romeo - 1 1,340.6500 - 1 Sharon Singleton - 1
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SEOUL KS United States South Kokomo , IN Indiana Toledo , Ohio Kokomo
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Thomson - 2 South Korea's Samsung SDI Co - 1 United Auto Workers - 1 Detroit Three - 1 SDI - 1 Samsung SDI - 1 Chrysler - 1 Jeep - 1

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☆ Samsung SDI, Stellantis choose Indiana for second joint EV battery plant
  + stars: | 2023-10-11 | by ( Heekyong Yang Joseph White | Heekyong Yang | Joseph White | ) www.reuters.com   time to read: +2 min
Stellantis and SDI said their second joint battery factory in Indiana is scheduled to open in 2027, and could employ 1,400 workers. The two companies would have a combined annual production capacity of 67 gigawatt hours (GWh) at the Indiana production site, Samsung SDI said in a statement. The first joint plant is set to start production in the first quarter of 2025. For Stellantis, a second U.S. battery plant would help the company comply with U.S. Inflation Reduction Act domestic content rules that govern federal EV subsidies. Last month, Samsung SDI said it plans to invest 2.7 trillion won ($2.01 billion) to build its second joint battery plant with Stellantis.
Persons: Shawn Fain, Fain, Stellantis, Ram, Alfa Romeo, 1,340.6500, Heekyong Yang, Sharon Singleton Organizations: South Korea's Samsung SDI Co, United Auto Workers, Detroit Three, SDI, Samsung SDI, Chrysler, Jeep, UAW, General Motors, Ford, EV, GM, U.S, Peugeot, Citroen, Opel, Thomson Locations: SEOUL, South, KS, Kokomo , IN, Indiana, Toledo , Ohio, United States, Kokomo, Lordstown , Ohio, U.S, Europe
☆ Samsung SDI to invest $2 bln to build second joint battery plant in US with Stellantis
  + stars: | 2023-09-27 | by ( ) www.reuters.com   time to read: 1 min
SEOUL, Sept 27 (Reuters) - South Korea's Samsung SDI Co Ltd (006400.KS) said on Wednesday it plans to invest 2.7 trillion won ($2.00 billion) to build a second joint electric vehicle (EV) battery plant with Stellantis NV (STLAM.MI) in the United States. The South Korean battery maker said in a regulatory filing that it plans to execute the investment starting next April to November 2027. In July, the two companies said their joint-venture plant in the United States will have an annual production capacity of 34 gigawatt hours (GWh), with a target to start production in 2027. ($1 = 1,351.3700 won)Reporting by Heekyong Yang; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: 1,351.3700, Heekyong Yang, Kim Coghill Organizations: Korea's Samsung SDI Co, Stellantis NV, South Korean, Thomson Locations: SEOUL, KS, United States
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