Stellantis N.V. and South Korean battery maker Samsung SDI said on Monday they plan to build a second electric vehicle battery plant in the United States. The companies said the location of the new plant is under review. Both companies signed a memorandum of understanding under its existing joint venture called StarPlus Energy, according to a news release. The new facility is expected to open in 2027 with an initial annual production capacity of 34-gigawatt hours (GWh). No financial details of the new venture were released. Stellantis CEO Carlos Tavares said in a statement that the second plant will contribute to offering at least 25 new battery electric vehicles (EVs) in North America by the decade’s end....
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