The factory will have a maximum production capacity of 40 GWh
The location for the facility has yet to be determined
Stellantis also recently partnered with LG on another battery factory in the US
Stellantis is trying to catch up in terms of electrification, so it will partner with Samsung to build a battery production factory in the United States.
This announcement comes shortly after a very similar one in which Stellantis announced a joint venture with LG to make batteries in the US.
The Franco-American company has begun selling plug-in hybrid vehicles like the Chrysler Pacifica e-hybrid and the Jeep Wrangler 4xe and it is planning to introduce its first fully electric vehicles in the next few years.
The location for the factory has not been confirmed yet, but it should be ready to begin production in 2025.
Both companies are expecting to have production begin at a level of 23 Gigawatt hours and later increase up to 40 gigawatt hours.
Batteries produced at this new facility will be installed in upcoming plug-in hybrid and fully electric vehicles built in Canada, the United States and Mexico.
This investment and the earlier one made with LG will help Stellantis achieve its goal to have 40% of its sales in the United States be electrified vehicles by 2030.
Globally, the company will spend over 30 billion euros through 2025 on electrification and related software development. Stellantis also aims to be 30% more efficient than is competition in terms of total expenditures versus revenues.