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Chicago & Midwest  + Midwest  + Industrial  |  May 25, 2022
Stellantis and Samsung have selected Indiana as the site of a $2.5-billion plant that will produce batteries for Stellantis electric vehicles
Paul Bubny
By: Paul Bubny

Stellantis, Samsung Select Indiana for $2.5B EV Battery Plant 

Stellantis N.V. and Samsung SDI have executed binding, definitive agreements to establish an electric-vehicle battery manufacturing facility in Kokomo, IN. The joint venture company will invest more than $2.5 billion and create 1,400 new jobs in Kokomo and the surrounding areas. 

With production operations targetd to start in the first quarter of 2025, the plant aims to have an initial annual production capacity of 23 gigawatt hours (GWh), with an aim to increase to 33 GWh in the next few years. The total capacity would increase further as demand for Stellantis electric vehicles is expected to rise. 

“It’s another incredibly exciting day to be back in Kokomo celebrating such a transformational investment from Stellantis and our new partners at Samsung,” said Indiana Gov. Eric J. Holcomb. “Today’s announcement is another step toward positioning Indiana as a leader in the future of mobility, battery technology and clean energy.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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