{"id":3550,"date":"2023-10-11T12:40:40","date_gmt":"2023-10-11T12:40:40","guid":{"rendered":"https:\/\/staging.samsungsdieurope.com\/?p=3550"},"modified":"2023-11-24T13:25:28","modified_gmt":"2023-11-24T13:25:28","slug":"samsung-sdi-announces-first-quarter-results","status":"publish","type":"post","link":"https:\/\/staging.samsungsdieurope.com\/samsung-sdi-announces-first-quarter-results\/","title":{"rendered":"Samsung SDI, Stellantis Announce Kokomo, Indiana as Site for Second U.S. StarPlus Energy Gigafactory"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3550\" class=\"elementor elementor-3550\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5730e23c e-flex e-con-boxed e-con e-parent\" data-id=\"5730e23c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4b4f4328 elementor-widget elementor-widget-text-editor\" data-id=\"4b4f4328\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Combined annual production capacity of Kokomo gigafactories to reach 67 gigawatt hours (GWh)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Second StarPlus gigafactory production start planned for early 2027 and to create 1,400 new jobs; first StarPlus gigafactory expected to start production in first quarter of 2025<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">New gigafactory is sixth battery facility globally to support Stellantis\u2019 bold electrification plan outlined in Dare Forward 2030<\/span><\/li><\/ul><p>\u00a0<\/p><p><b>AMSTERDAM, Oct. 11, 2023 \u2013<\/b><span style=\"font-weight: 400;\">Samsung SDI and Stellantis N.V.<\/span><span style=\"font-weight: 400;\"> today announced that Kokomo, Indiana, will be the site for a second battery manufacturing facility in the United States as part of the StarPlus Energy joint venture. The new StarPlus Energy plant is expected to begin production in early 2027 with an annual capacity of 34 gigawatt hours (GWh).\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">This will be the second StarPlus Energy gigafactory in Kokomo. Construction is already underway on the first StarPlus Energy gigafactory, which is on track to open by the first quarter of 2025 with an annual production capacity of 33 GWh.<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cThrough construction of the second battery plant of StarPlus Energy, Samsung SDI will be establishing its largest production base for electric vehicle batteries in North America,\u201d said Yoon-ho Choi, President and CEO of Samsung SDI. \u201cWe expect Stellantis brand vehicles powered by Samsung SDI batteries featuring supreme technologies to contribute to accelerating the U.S. transition to an era of electric vehicles.\u201d<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cOur battery ecosystem is the foundation of our electrification strategy and our great partners Samsung SDI, the State of Indiana, and the City of Kokomo have created a compelling case for locating our sixth gigafactory in Kokomo,\u201d said Mark Stewart, Stellantis COO North America. \u201cThe BEVs coming to our North America brands play an important role in our drive to offer clean, safe and affordable mobility for all and achieve the bold goal of carbon net zero by 2038.\u201d<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cIndiana\u2019s economy is on a roll,\u201d said Indiana Governor Eric Holcomb. \u201cToday\u2019s commitment from Stellantis and Samsung SDI will double the capital investment, the new jobs created, and the impact this joint venture will have on Kokomo and the state of Indiana for decades to come. This decision puts Hoosiers squarely at the center of innovating and developing the future of mobility, catalyzing Indiana\u2019s leadership position in tomorrow\u2019s global economy.\u201d\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cWe would like to extend our sincere gratitude to Stellantis, Samsung SDI, and their joint-venture StarPlus Energy for their continued commitment and investment in our community,\u201d said Mayor Tyler Moore of Kokomo. \u201cThe addition of this second battery plant will solidify Kokomo as one of the largest electric vehicle battery producers in North America and shows that Kokomo continues to remain on the cutting edge of advanced automotive manufacturing.\u201d<\/span><\/p><p><span style=\"font-weight: 400;\">As part of the Dare Forward 2030 strategic plan, Stellantis announced plans of reaching a 100% passenger car battery electric vehicle (BEV) sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. To achieve these sales targets, the Company is securing approximately 400 GWh of battery capacity. Stellantis is on track to become a carbon net zero corporation by 2038, all scopes included, with single-digit percentage compensation of remaining emissions.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13b07b5 elementor-widget elementor-widget-text-editor\" data-id=\"13b07b5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>About Samsung SDI<\/strong><\/p><p>Samsung SDI, headquartered in the Republic of Korea, is a world-leading battery and electronic<br \/>material manufacturer redefining the worlds of electric vehicles, energy storage systems and IT<br \/>devices. The company drives transformation and innovation to emerge as a \u2018Creative Energy and<br \/>Materials Solution Leader\u2019 across the fields of e-mobility, energy solutions, as well as semiconductors<br \/>and displays. The company commits to sourcing 100% renewable electricity across its entire global<br \/>operations by 2050. For the latest news, please visit the Samsung SDI News at<br \/><a href=\"https:\/\/www.samsungsdi.com\/sdi-news\/list.html\">https:\/\/www.samsungsdi.com\/sdi-news\/list.html<\/a>.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Combined annual production capacity of Kokomo gigafactories to reach 67 gigawatt hours (GWh) Second StarPlus gigafactory production start planned for early 2027 and to create 1,400 new jobs; first StarPlus gigafactory expected to start production in first quarter of 2025 New gigafactory is sixth battery facility globally to support Stellantis\u2019 bold electrification plan outlined in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5682,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-3550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/staging.samsungsdieurope.com\/wp-json\/wp\/v2\/posts\/3550"}],"collection":[{"href":"https:\/\/staging.samsungsdieurope.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.samsungsdieurope.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.samsungsdieurope.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.samsungsdieurope.com\/wp-json\/wp\/v2\/comments?post=3550"}],"version-history":[{"count":0,"href":"https:\/\/staging.samsungsdieurope.com\/wp-json\/wp\/v2\/posts\/3550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.samsungsdieurope.com\/wp-json\/wp\/v2\/media\/5682"}],"wp:attachment":[{"href":"https:\/\/staging.samsungsdieurope.com\/wp-json\/wp\/v2\/media?parent=3550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.samsungsdieurope.com\/wp-json\/wp\/v2\/categories?post=3550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.samsungsdieurope.com\/wp-json\/wp\/v2\/tags?post=3550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}