Stellantis Making Indiana Announcement; May Be Battery Plant

DETROIT (AP) — Automaker Stellantis has scheduled an announcement for Tuesday in Kokomo, Indiana, for what might be the corporate’s second North American electrical automobile battery manufacturing facility.

The corporate stated it should give an replace on the way forward for its Kokomo operations at an Indiana neighborhood faculty on Tuesday afternoon.

Stellantis, shaped final yr with the merger of Fiat Chrysler and France’s PSA Peugeot, has stated it should construct two electrical automobile battery factories in North America. In March it introduced plans to spend $4.1 billion in a three way partnership with LG Vitality Answer of Korea to construct one of many vegetation in Windsor, Ontario. The plant will make use of about 2,500 folks. The opposite North American location has not been disclosed.

Firm spokeswoman Shawn Morgan wouldn’t touch upon what can be introduced Tuesday in Kokomo.

The world’s fourth-largest automaker has introduced plans to promote 5 million electrical autos by 2030, with 50% of its North American passenger automotive and light-weight truck gross sales going absolutely electrical by 2030. Stellantis plans to promote solely electrical passenger automobiles in Europe by 2030.

An advisory issued by the corporate Monday says Stellantis Chief Working Officer Mark Stewart will attend Tuesday’s ceremony at Ivy Tech Group Faculty in Kokomo, together with Indiana Gov. Eric Holcomb.

Stellantis in October introduced plans to spend practically $230 million to retool three Kokomo-area factories to allow them to produce transmission programs that work with each conventional gasoline-powered autos and gas-electric hybrid variations.

In 2020 it introduced spending of $400 million to transform its Indiana Transmission Plant II in Kokomo into an engine manufacturing facility.

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