US to add battery plant

Electric vehicles get boost with more production of lithium-ion batteries

By

National News

October 24, 2021 - 8:56 AM

Electric vehicles are displayed. President Joe Biden's American Jobs Plan encourages their production, proposing over $170 billion to boost the production of zero-emission buses and cars and increase the number of EV charging stations. (Photo by Drew Angerer/Getty Images)

The maker of Jeep SUVs and Ram pickup trucks on Friday announced plans for a second joint venture to build a second battery plant in North America — this time with Samsung SDI.

Stellantis NV and the Korean manufacturer said, after entering into a memorandum of understanding that is subject to regulatory approvals, they are planning for a launch of production starting in 2025. The lithium-ion battery plant will have an initial annual capacity of 23 gigawatt hours with the ability to increase that to 40 gigawatt hours in the future.

The site for production of hybrid and EV batteries for assembly plants in the United States, Canada and Mexico is under review.

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