Stellantis, Samsung SDI Announce Plans to Build Second StarPlus Energy Gigafactory in the United States

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Stellantis (STLA) partners with Samsung to build second U.S. EV battery plant

July 24, 2023 7:42 AM EDT

Jeep-parent Stellantis (NYSE: STLA) announced Monday it will partner with Koreas Samsung SDI to build a second electric vehicle battery plant in the United States.

The companies have announced that they are currently evaluating the location for their new plant. According to their news release, they have already entered into a memorandum of understanding; however, the finalization of the transaction is contingent upon... More