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Samsung SDI to invest $2B in second EV battery plant through Stellantis partnership.

Samsung SDI, a South Korean battery manufacturer, has announced plans to invest approximately $2 billion in the construction of a second electric vehicle battery plant in the U.S. The plant will be built in partnership with Stellantis, one of Detroit’s Big Three automakers. The facility is expected to have an annual output capacity of 34 GWh and will begin production in 2027. This investment comes as part of Samsung SDI’s efforts to expand its presence in the U.S. and support the growing demand for electric vehicle batteries.

In addition to the new plant, Samsung SDI also plans to double its manufacturing capacity at its existing facilities in Auburn Hills, Michigan. This expansion project is expected to generate a total investment of $41 million, with support from the state government. The company aims to better support its customers and create hundreds of new jobs through these expansion plans. By increasing its manufacturing capacity in the U.S., Samsung SDI is positioning itself to play a pivotal role in the ongoing electrification revolution.

The partnership between Samsung SDI and Stellantis was established in July, with plans to build not only the new facility but also a similar plant in Indiana, set to begin production in early 2025. With these investments, both companies are making significant strides in meeting the increasing demand for electric vehicle batteries in the U.S. market. The expansion of battery manufacturing capacities will not only contribute to the growth of the electric vehicle industry but also create job opportunities and further support the transition to sustainable transportation.

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