Whether we want it or not really doesn’t matter. Auto manufacturers are going electric…so much so and so fast that there aren’t enough batteries to make it happen. So like any good manufacturer…you just make the parts you need yourself.
It’s happening. Stellantis is forming a joint venture with Samsung SDI, a Korean company with a battery division, to manufacture battery cells in the US. Their goal is to have production running by 2025 and their goals are high! Tesla’s Nevada Gigafactory currently produces about 35 GWh per year, whereas Stellantis goal is to start at 23 GWh but increase to 40 GWh.
“Our strategy to work with highly recognized partners boosts the speed and agility needed to design and build safe, affordable and sustainable vehicles that match exactly what our customers demand. I am thankful to all the teams working on this critical investment in our collective future,” said Carlos Tavares, CEO of Stellantis, in a press release. “With the forthcoming battery plants coming online, we will be well positioned to compete, and ultimately win, in the North American electric vehicle market.”
“Stellantis Spotlight” is a weekly recap of some of the major stories at Stellantis. The top stories for the week ending October 22, 2021, include Jeep® 4x4s leading the pack at the Rebelle Rally, Ram 1500 TRX takes home Texas Truck of the Year, the foundation of the National Black Supplier Development Program and joint ventures to produce battery cells and modules for North America.