Additional Information:

Sector: Batteries

Activity: Manufacturing

Product: Battery Cell

Project Announcement Date: 7/24/2023

Target for Starting Production: 2027

Announced Post Inflation Reduction Act: Yes

Target Annual Production: 34 GWh

Current Annual Production: 0 GWh

Operating Status: Planned

Target Jobs: 1400

Capital Investment: $6950 million

Congressional District: Republican

Government Subsidies:

Local/State: $176.5 million

Federal:

Advanced Technology Manufacturing Loan: $3750 million

Selected Sources:

#1: Stellantis and Samsung SDI set plan to build second U.S. battery plant - www.cnbc.com - 07-24-2023

#2: Stellantis confirms second US battery factory with Samsung SDI - www.greencarreports.com

#3: Stellantis, Samsung SDI Announce Plans to Build Second StarPlus Energy Gigafactory in the United States - www.stellantis.com

#4: Samsung SDI to invest $2 bln to build second joint battery plant in US with Stellantis - www.reuters.com

#5: Samsung SDI, Stellantis choose Indiana for second joint EV battery plant - www.reuters.com

#6: Stellantis, Samsung SDI Announce Kokomo, Indiana as Site for Second U.S. StarPlus Energy Gigafactory - www.stellantis.com

Tracked Expansions and/or Acquisitions:

We currently have no related projects tracked for this site.