Samsung to set up its first EV battery plant in United States
South Korean battery maker Samsung SDI said it will build its first electric vehicle (EV) battery plant in the US with global carmaker Stellantis N.V., joining other local rivals’ moves to tap deeper into the region.
The announcement confirms earlier reports that the two recently signed a contract, which paves the way for Samsung SDI to join its domestic rivals, such as LG Energy Solution and SK On, to produce EV batteries in America.
Under the deal, Samsung SDI and Stellantis will begin producing EV battery cells and modules in the first half of 2025, starting with an annual production capacity of 23 gigawatt hours (GWh) and aiming for 40 Gwh going forward, according to the press release.
