SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung begins construction of a new EV battery plant in the US


Last updated: March 17th, 2022 at 13:47 UTC+02:00

As the world is moving towards greener technology for transportation, Samsung is also planning to make its presence felt in the industry. According to the latest report by The Korea Herald, Samsung SDI has begun building its own EV battery plant in the US to power electric vehicles.

Notably, Samsung is setting up the EV plant in the US in a joint venture with Stellantis. Stellantis is the maker of Jeep, Fiat, and Peugeot vehicles. At the shareholder meeting, Samsung SDI CEO Choi Yoon-ho said, “Adding to the joint venture with Stellantis, we think there needs to be our own production base in the US.” Moreover, he also added that the company is looking for additional ways to ramp up its production capacity as well.

The location of the said Samsung EV battery plant hasn’t been revealed yet. The company is finalizing talks with the local government on details regarding tax benefits and other incentives. Choi said that the location would be revealed “very soon.

This whole battery-manufacturing joint venture with Stellantis for EV battery production aims to increase the production capacity from 23 gigawatt-hours to 40 gigawatt-hours. The production at the upcoming battery plant will commence in the first half of 2025.

Join SamMobile’s Telegram group and subscribe to our YouTube channel to get instant news updates and in-depth reviews of Samsung devices. You can also subscribe to get updates from us on Google News and follow us on Twitter.

Business Samsung SDI
Load 1 comments

You might also like

Galaxy Z Flip 4’s batteries get pictured, bring a major upgrade

Months before the launch, information about the Galaxy Z Flip 4 and the Galaxy Z Fold 4, including the design …

  • By Asif Iqbal Shaik
  • 1 week ago

Samsung and Stellantis building $2.5 billion EV battery plant in India …

Samsung SDI, a division of the Samsung conglomerate, is a leading supplier of batteries for electric vehicles. …

  • By Adnan Farooqui
  • 4 weeks ago

Samsung is developing stacked smartphone batteries inspired by electri …

Samsung SDI’s experience in electric vehicle (EV) battery manufacturing could soon come into play for th …

  • By Mihai Matei
  • 2 months ago

Samsung likely to post 50% higher operating profit for Q1 2022

Samsung announced its Q1 2022 earnings estimates earlier today. Thanks to solid gains through semiconductor ch …

  • By Asif Iqbal Shaik
  • 3 months ago

Samsung SDI profit rises 14.6% as EV car sales increase worldwide

Earlier today, Samsung Electronics unveiled its Q4 2021 earnings. Now, Samsung SDI, the South Korean tech gian …

  • By Asif Iqbal Shaik
  • 5 months ago

Samsung to build its first EV battery plant in the US

Following the rumors from earlier this week, Samsung has announced that it will enter the North American EV ba …

  • By Asif Iqbal Shaik
  • 8 months ago