KOKOMO, IN—Stellantis and Samsung SDI plan to build a $2.5 billion EV battery factory here. When it opens in 2025, the facility will have an initial annual production capacity of 23 gigawatt-hours (GWh), with an aim to eventually increase to 33 GWh.

The joint-venture operation will supply battery modules for a range of vehicles produced at Stellantis’ assembly plants in North America.

“Just under one year ago, we committed to an aggressive electrification strategy anchored by five gigafactories between Europe and North America,” says Carlos Tavares, CEO of Stellantis. “[This] announcement further solidifies our global battery production footprint and demonstrates [our] drive toward a decarbonized future as outlined in Dare Forward 2030.”