Jeep & Samsung join for second EV battery plant in US

Stellantis plans to add a second electric vehicle battery plant in the United States in a joint venture with South Korea’s Samsung SDI.

The companies, in an announcement timed for Monday morning, said the location of the new plant is under review. They said in a news release that they signed a memorandum of understanding, but that the transaction is “subject to the execution of definitive documentation.”

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