Stellantis, Samsung to Join Forces for a Battery Plant in North America
- October 19, 2021
- Posted by: Quatro Strategies
- Category: Manufacturing
Global automotive giant Stellantis has agreed with battery manufacturer Samsung SDI, an affiliate of Samsung Electronics, to jointly produce electric vehicle (EV) batteries for the North American market. Samsung SDI already has several plants in South Korea, Hungary and China, and supplies automakers BMW and Ford.
Location of the plant is still under review and will be announced at a later date. Earlier reports suggested Samsung SDI has been planning to build a battery production facility in North America.
Stellantis has also struck a deal recently with another South Korean battery maker, LG Energy Solution, to produce battery cells in North America.
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