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Stellantis, Samsung SDI to spend $3.2B on second EV battery plant in Indiana, hire 1,400
Automaker Stellantis and battery manufacturer Samsung SDI announced plans Wednesday to spend $3.2 billion to build a second electric-vehicle battery plant in Kokomo, creating up to 1,400 jobs. The announcement comes 17 months after Chrysler parent Stellantis and Samsung SDI said they planned to spend $2.5 billion to build their first Indiana EV battery plant, which is now under construction in Kokomo and is also expected to create 1,400 jobs. The first plant is expected to open in the first quarter of 2025. The Indiana Economic Development Corp. is committing...