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DETROIT (AP) — Jeep maker Stellantis says it will build a second electric vehicle battery factory in Kokomo, Indiana, that will create 1,400 new jobs. The $3.2 billion joint venture plant with South Korea’s Samsung SDI is to start production early in 2027. Construction already is underway on the companies’ first joint venture factory in Kokomo, which is scheduled to open early in 2025. That $3.1 billion plant announced in May of 2022 also is expected to create about 1,400 new jobs. The city of Kokomo, which is about 60...

Stellantis announced Wednesday that it would build its second U.S.-based electric vehicle battery plant in Kokomo, Indiana, where the company is already building a similar battery plant. Both facilities are being built as joint ventures with South Korea’s Samsung SDI. A news release said the new StarPlus Energy plant would mean an additional investment of $3.2 billion and would create 1,400 jobs. It’s expected to begin production in 2027. The total investment for both plants would be more than $6.3 billion and would create 2,800 jobs, the release said, noting...

Jeep maker Stellantis says it will build a second electric vehicle battery factory in Kokomo, Indiana, that will create 1,400 new jobs. The $3.2 billion joint venture plant with South Korea’s Samsung SDI is to start production early in 2027. Construction already is underway on the companies’ first joint venture factory in Kokomo, which is scheduled to open early in 2025. That $3.1 billion plant announced in May of 2022 also is expected to create about 1,400 new jobs. The city of Kokomo, which is about 60 miles (97 kilometers)...

Jeep maker Stellantis says it will build a second electric vehicle battery factory in Kokomo, Indiana, that will create 1,400 new jobs. The $3.2 billion joint venture plant with South Korea's Samsung SDI is to start production early in 2027. Construction already is underway on the companies' first joint venture factory in Kokomo, which is scheduled to open early in 2025. That $3.1 billion plant announced in May of 2022 also is expected to create about 1,400 new jobs. The city of Kokomo, which is about 60 miles north of...

Samsung has chosen Indiana for a second time to host a new electric vehicle battery plant it is planning to build with Stellantis. The two companies announced Wednesday that they are investing more than $3.2 billion to build the new plant, which will open in early 2027 and have an annual capacity of 34 gigawatt hours. Its opening will bring about 1,400 new jobs to Kokomo, located an hour north of Indianapolis. StarPlus Energy, the joint venture formed by Samsung and Stellantis, previously chose Kokomo for its first gigafactory that’s...

INDIANAPOLIS (WISH) — Automaker Stellantis and Samsung SDI will invest just over $3 billion in a new electric-vehicle battery manufacturing plant in Kokomo, Gov. Eric Holcomb announced Wednesday. It will be the joint venture’s second StarPlus Energy “gigafactory” in Kokomo. Plans for the first facility were announced in May 2022. Stellantis and Samsung SDI plan to create 1,400 new, high-wage positions, growing its total planned workforce to 2,800. “Indiana’s economy is on a roll,” Holcomb said in a release. “Today’s commitment from Stellantis and Samsung SDI will double the capital...

KOKOMO, Ind. – Stellantis and Samsung SDI will invest more than $3 billion to build a second battery plant in Indiana. The Kokomo “gigafactory” facility will produce batteries for electric vehicles. It’s expected to create about 1,400 jobs. The companies previously announced plans in May 2022 to build an EV battery facility in the city. Also expected to create 1,400 jobs, it’s set to open in 2025. The second plant will be built adjacent to the first one, the companies said. It’s slated to open in 2027. “Indiana’s economy is...

Stellantis NV and Samsung SDI Co Ltd. plan to build a second U.S. battery manufacturing facility, the companies said Wednesday. The new facility will be in Kokomo, Ind. and will be part of the StarPlus Energy joint venture. Stellantis STLA, and Samsung SDI 006400, expect that the new plant will start production in early 2027 and have an annual capacity of 34 gigawatt hours. There is another StarPlus Energy gigafactory under construction in Kokomo that’s expected to open in the first quarter of 2025. The joint venture intends to invest...

A joint venture of Stellantis and Samsung SDI plans to invest more than $3.2 billion in a new battery manufacturing facility in Kokomo, Indiana, in what will become the Jeep maker's sixth battery facility globally. Stellantis, formed by the combination of Fiat Chrysler and Peugeot maker PSA Group, said Wednesday that the new StarPlus Energy plant would begin production in early 2027 with an annual capacity of 34 gigawatt hours. The plant will create 1,400 new jobs. Earlier this year, Stellantis said it would invest $155 million in three Indiana...

SEOUL, Oct. 11 (Yonhap) -- Samsung SDI Co., South Korea's second-biggest car battery maker, said Wednesday it will build its second U.S. battery plant in Indiana jointly with Stellantis N.V. near the first plant under construction. Samsung SDI set up a 51:49 joint company named StarPlus Energy with Stellantis in May last year to build the two plants in the U.S. for the supply of battery packs for Stellantis vehicles manufactured in the world's most important automobile market. The company plans to begin operations of the first 33 GWh plant...