Stellantis and LG Energy Solution to form a JV for Li-Ion battery production in North America
19 October 2021, 02:44:28

The parties intend that the joint venture will establish a new battery manufacturing facility that will help power Stellantis' goal of realizing more than 40% of its sales in the U.S. comprised of electrified vehicles by 2030. Targeted to start by the first quarter of 2024, the plant aims to have an annual production capacity of 40 gigawatt hours.
The batteries produced at the new facility will be supplied to Stellantis assembly plants throughout the US, Canada, and Mexico for installation in next-generation electric vehicles ranging from plug-in hybrids to full battery electric vehicles that will be sold under the Stellantis family of brands.
Stellantis plans to invest more than €30 billion through 2025 in electrification and software development while targeting to continue to be 30 percent more efficient than the industry with respect to total Capex and R&D spend versus revenues.
The location of the new facility is currently under review and further details will be shared at a later date. The groundbreaking for the facility is expected to take place in the second quarter of 2022.
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Length: 193.0 in / 4902 mm
Height: 63.6 in / 1615 mm
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Length: 193.0 in / 4902 mm
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Length: 180.6 in / 4588 mm
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Electric motor #2: 239 kW, 290 Nm, Location: Front
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2022 Mercedes-Benz EQS 580 4MATIC
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Length: 205.4 in / 5216 mm
Height: 59.5 in / 1512 mm
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Electric motor #2: 140 kW, 290 Nm, Location: Front
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