Project Traits
State: Indiana
Congressional District: IN05
Organization Type: Commercial
Partner Organization(s) Type: None or Unknown
Energy Sector: Energy Storage, Transportation
Energy Subsector: EV Batteries,
Project Start Year: 2023
Project Launch Year: 2027
Government Support Received: Unknown
Outcomes & Impacts
Private Investment: $3,200,000,000
Jobs Announced or Created: 1,400
People Served: Unknown
Projected Economic Impact: Unknown
Stellantis N.V. and Samsung SDI 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).
The joint venture company between Stellantis and Samsung SDI will invest over $3.2 billion and create 1,400 new jobs in Kokomo and the surrounding areas. The total investment for both facilities will be over $6.3 billion and create 2,800 total new jobs.