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Companies said they plan to invest $2.5 billion in the facility that they expect to create 1,400 jobs
Auto maker Stellantis STLA -2.48%▼ NV and Samsung SDI Co. SSDIY 0.00%▲ Ltd. said Tuesday that they would build a new battery plant in Indiana to support the Jeep and Ram manufacturer’s electric-vehicle production plans.
The $2.5 billion plant is expected to break ground later this year and open in the first quarter of 2025, they said.
The companies said they expect the project to create 1,400 jobs and supply battery modules for an unspecified range of EVs made at Stellantis’s North American assembly plants.
The move represents the latest in a flurry of investment in new production facilities for electric-vehicle batteries across North America. Hyundai Motor Group said last week that it would build a new $5.5 billion manufacturing complex in Georgia for EVs and batteries. Last fall, Ford Motor Co. said it would build a battery-making production facility in Tennessee with South Korea-based SK Innovation. General Motors Co. also said in January that it would build a new battery-cell plant in Lansing, Mich.
Auto maker Stellantis STLA -2.48%▼ NV and Samsung SDI Co. SSDIY 0.00%▲ Ltd. said Tuesday that they would build a new battery plant in Indiana to support the Jeep and Ram manufacturer’s electric-vehicle production plans.
The $2.5 billion plant is expected to break ground later this year and open in the first quarter of 2025, they said.
The companies said they expect the project to create 1,400 jobs and supply battery modules for an unspecified range of EVs made at Stellantis’s North American assembly plants.
The move represents the latest in a flurry of investment in new production facilities for electric-vehicle batteries across North America. Hyundai Motor Group said last week that it would build a new $5.5 billion manufacturing complex in Georgia for EVs and batteries. Last fall, Ford Motor Co. said it would build a battery-making production facility in Tennessee with South Korea-based SK Innovation. General Motors Co. also said in January that it would build a new battery-cell plant in Lansing, Mich.
