Stellantis NV and Samsung SDI Form a Joint Venture
Stellantis NV and Samsung SDI are to form a joint venture for lithium-ion battery cells and modules production in North America. This is targeted to start in 2025. This action will allow Stellantis to be well positioned to compete and ultimately succeed in the North American electric vehicle market. The company deems this as a critical investment in the collective future.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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