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© Reuters. FILE PHOTO: Stellantis emblem is seen displayed on this illustration taken, Could 3, 2022. REUTERS/Dado Ruvic/Illustration
(Reuters) – Stellantis NV and Samsung (KS:) SDI plan to announce on Tuesday they are going to construct a brand new battery plant in Indiana because the Chrysler-parent ramps up electrical car manufacturing plans.
The businesses they have been forming a three way partnership for lithium ion battery manufacturing in North America and stated the plant was focused to begin in 2025 and aimed to have an preliminary annual manufacturing capability of 23 gigawatt hours, with the power to extend to as much as 40 gigawatt hours sooner or later.
The businesses didn’t instantly remark Monday.
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