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Stellantis, Samsung SDI to Build EV Battery Plant in the U.S.

  • New factory will have initial production capacity of 23 GWh
  • Automaker signed similar deal with LG Energy on Monday
Samsung SDI Co. lithium ion batteries at the LS Power Group Vista Energy Storage project in Vista, California.

Samsung SDI Co. lithium ion batteries at the LS Power Group Vista Energy Storage project in Vista, California.

Photographer: Bing Guan/Bloomberg
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Stellantis NV and Korean battery maker Samsung SDI Co. plan to build a factory in the U.S. as the automaker pushes further into electric vehicles. 

The two signed a memorandum of understanding to set up a joint venture to construct the new plant, Samsung SDI said in a statement Friday. The facility should have an annual output of around 23 gigawatt hours by the first half of 2025, eventually increasing to around 40 GWh. The location of the plant hasn’t been decided.