{"id":493568,"date":"2022-05-26T09:04:11","date_gmt":"2022-05-26T03:34:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=493568"},"modified":"2022-05-26T09:49:49","modified_gmt":"2022-05-26T04:19:49","slug":"samsung-sdi-stellantis-to-set-up-2-5-billion-ev-battery-plant-in-us-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/samsung-sdi-stellantis-to-set-up-2-5-billion-ev-battery-plant-in-us-2\/","title":{"rendered":"Samsung SDI, Stellantis to set up $2.5 billion EV battery plant in US"},"content":{"rendered":"<p>South Korean battery maker Samsung SDI said on Wednesday it is investing $1.29 billion in an electric vehicle battery plant to be built in the Indiana state in the US under a joint venture with Stellantis NV.<\/p>\n<p>Samsung SDI will own a 51 per cent stake in the $2.5 billion joint venture company set up with the Chrysler parent, and its investment could increase to as much as $1.57 billion in the long term, it said in a regulatory filing.<\/p>\n<p>Samsung SDI and Stellantis may boost their investment in the project to as much as $3.1 billion, the South Korean company said, reports Yonhap news agency.<\/p>\n<p>The two companies signed a binding agreement in Kokomo, Indiana, on Tuesday (U.S. time) to establish the manufacturing facility in the Midwestern state by 2025, Samsung SDI said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korean battery maker Samsung SDI said on Wednesday it is investing $1.29 billion in an electric vehicle battery plant to be built in the Indiana state in the US under a joint venture with Stellantis NV. Samsung SDI will own a 51 per cent stake in the $2.5 billion joint venture company set up with the Chrysler parent, and its investment could increase to as much as $1.57 billion in the long term, it said in a regulatory filing. Samsung SDI and Stellantis may boost their investment in the project to as much as $3.1 billion, the South Korean [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-493568","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/493568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=493568"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/493568\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=493568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=493568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=493568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}