(ANSA) - ROME, OCT 22 - Stellantis and Samsung SDI have
signed a protocol of understanding for a joint venture for the
production of batteries in North America, the CEO of the
Italo-Franco-US carmaker, Carlos Tavares, said Friday.
A new plant is expected to be built starting in 2025, he said.
Stellantis' goal, he said, is to raise its sales of electrified
vehicles in the US to over 40% of its total car sales by 2030.
"We will be well positioned on electric in North America, the
strategy of collaboration improves speed and agility," said
Tavares. (ANSA).
Stellantis, Samsung SDI team up on North America batteries
New plant to be built starting in 2025, 40% electric 2030 target