For the second time in a week, Stellantis has announced plans to produce electric vehicle batteries for its North American assembly plants in a joint venture with a South Korean company.
This time, the company is Samsung SDI, according to a news release early Friday. That followed a similar announcement Monday with LG Energy Solution.
The automaker, which counts Jeep, Ram, Chrysler and Dodge among its brands, said it's reviewing the location of the future lithium-ion battery plant, just as it did with its LG announcement. Production is targeted for 2025; the LG plant is supposed to start production in 2024.
The two announcements in such a short period highlight the rapid push in the auto industry toward electrification. Stellantis announced in July plans for $35 billion (30 billion euros) in electrification and related software investments through 2025 with more than 40% of sales in the United States and 70% of sales in Europe to be low-emission vehicles by 2030. The company has said it will build an electric Dodge muscle car and Ram 1500 pickup in 2024.
