Distributed Energy Resources, GHG Emissions, Industrial - October 17, 2023
Stellantis to Build Battery Gigafactory in Indiana
Stellantis N.V. announced that Kokomo, Indiana, will be the site for a second battery manufacturing facility in the U.S. as part of the StarPlus Energy joint venture.
Production of the plant will begin in early 2027 with an annual capacity of 34 gigawatt hours (GWh).
Stellantis had previously entered into a joint venture with Samsung SDI. The joint venture company will invest over $3.2 billion (€2.8 billion), and the total investment for both facilities will be over $6.3 billion (€5.5 billion).
This will be the second StarPlus Energy gigafactory in Kokomo. Construction is already underway on the first StarPlus Energy gigafactory, which is on track to open by the first quarter of 2025 with an annual production capacity of 33 GWh.
“Our battery ecosystem is the foundation of our electrification strategy and our great partners Samsung SDI, the State of Indiana, and the City of Kokomo have created a compelling case for locating our sixth gigafactory in Kokomo,” said Mark Stewart, Stellantis COO North America, in a statement. “The BEVs coming to our North America brands play an important role in our drive to offer clean, safe and affordable mobility for all and achieve the bold goal of carbon net zero by 2038.”
As part of the Dare Forward 2030 strategic plan, Stellantis announced plans to reach a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. To achieve these sales targets, the company is securing approximately 400 GWh of battery capacity.
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