Stellantis, Samsung SDI to build $2.5 billion Indiana JV battery plant

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Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23 gigawatt hours (GWh), with an aim to increase to 33 GWh in the next few years.

The joint venture will create 1,400 new jobs and could gradually increase to up to $3.1 billion.