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Stellantis, Samsung SDI
Stellantis and Samsung to get $7.54 billion federal loan for two EV battery factories
The Department of Energy preliminarily approved another loan to help fund the construction of electric vehicle battery factories in the US. This time, a joint venture between Stellantis and Samsung SDI will receive $7.54 billion to build two EV battery plants in Kokomo, Indiana.
Stellantis nets US$7.54-billion loan for two EV battery plants
Yesterday’s surprise resignation of Stellantis CEO Carlos Tavares evidently hasn’t slowed the company’s electric-vehicle aspirations, as word comes today that the U.S. Energy Department has committed over US$7 billion to a joint venture between the company and Samsung SDI.
Stellantis-Samsung Joint Venture Gets $7.54B Loan for Indiana EV Battery Plants
Combined, the two plants in Kokomo, IN, will produce enough lithium-ion batteries to power 670,000 EVs per year.
Stellantis, Carlos Tavares
Stellantis' CEO stepping down shows how the auto industry is struggling to shift into high gear right now
The auto industry is battling slowing EV demand, rising Chinese competition, and potential tariffs on Mexican imports.
Tavares resigns as Stellantis CEO after company struggles for months
Carlos Tavares, who had been under fire and was expected to leave at the end of his contract, resigned abruptly on Sunday.
Auto industry experts, employees react to Stellantis CEO Carlos Tavares resigning
Company officials say a board committee is leading the search for a new CEO, and that the search is expected to be completed within the first half of 2025.
1d
on MSN
Stellantis CEO Tavares quits: Why his EV bet sparked his departure
Carlos Tavares has resigned as Stellantis CEO after nearly four years, amid plunging electric vehicle sales and rising ...
Electrek
6h
This new EV sounds like a French perfume but offers a massive 460-mile range
French luxury brand DS is slowly releasing details on its sleek new all-electric model, the brand’s flagship EV, all bottled ...
1d
Stellantis boss quits as Jeep, Maserati, Peugeot sales plunge
The world’s fourth-largest car maker, with brands like Fiat and Ram, has suffered a sharp decline in profits this year.
4d
Stellantis to Halt Production in Turin in December Due to Weak Demand for Fiat 500 EV
MILANO (Reuters) - Stellantis will halt again auto assembly operations at its Mirafiori plant in Italy, which makes the ...
ジャパンタイムズ
1d
The EV transition is leaving the U.K. auto industry behind
The country wants to be a leader in EVs but has lagged others in establishing the necessary plants and battery factories.
Irish Examiner on MSN
2d
Chinese EV makers slip further in EU
Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a ...
2d
on MSN
The struggling town being hollowed out by Labour’s EV crusade
Early afternoon, the men trudge out of the factory gates, one more shift behind them. Some disappear up the road on foot, ...
5d
Stellantis to Shut Luton Van Factory Amid EV Transition Challenges, Putting 1,100 Jobs at Risk
Stellantis announces the closure of its Luton van-making plant, risking 1,100 jobs, citing challenges with EV sales mandates.
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Related topics
Carlos Tavares
Luton
Fiat 500
Turin
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