Stellantis, Samsung SDI to build $2.5 billion Indiana JV battery plant

　　div classBodysc17zpet90 cdBBJodivpWASHINGTON Reuters – Stellantis NV and Samsung SDI said on Tuesday they will invest more than 2.5 billion to build a new joint venture battery plant in Kokomo, Indiana as the Chryslerparent ramps up electric vehicle production plans.p

　　pTargeted to start in 2025, the plant aims to have an initial annual production capacity of 23 gigawatt hours GWh, with an aim to increase to 33 GWh in the next few years.pdivdivdiv classBodysc17zpet90 cdBBJodiv

　　pThe joint venture will create 1,400 new jobs and could gradually increase to up to 3.1 billion. p

　　p

　　pp Reporting by David Shepardson Editing by Chris Reesep

　　divdivdiv classBodysc17zpet90 cdBBJodivdivdiv