Stellantis, Samsung SDI To Invest $3.2B In Second Indiana Battery Plant

Stellantis and its battery joint venture partner Samsung SDI announced Kokomo, Indiana, as the site for their second battery cell plant in the US.

This will be the second StarPlus Energy gigafactory in Kokomo, and it will be built next to the gigafactory currently under construction. The companies' StarPlus Energy joint venture will invest more than $3.2 billion to co-locate the new battery plant with the first one.

The new site is expected to begin production in early 2027 with an annual capacity of 34 gigawatt-hours. The facility will create 1,400 new jobs in Kokomo and the surrounding areas.