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…
