“Indiana’s economy is on a roll,” Indiana Gov. Eric Holcomb said. “Today’s commitment from Stellantis and Samsung SDI will double capital investment, create new jobs and have an effect this joint venture will have on Kokomo and the state of Indiana for decades to come. “This move puts Indianaans at the center of innovation and progress for the long-term of mobility, catalyzing Indiana’s leadership position in tomorrow’s global economy.
“We would like to express our sincere appreciation to Stellantis, Samsung SDI and their StarPlus Energy joint venture for their continued commitment and investment in our community,” said Mayor Tyler Moore of Kokomo. “The addition of this second battery plant will solidify Kokomo as one of the largest manufacturers of electric vehicle batteries in North America and demonstrates that Kokomo continues to be at the forefront of complex automotive manufacturing.
As part of the Dare Forward 2030 strategic plan, Stellantis announced plans to achieve 100% sales of battery electric vehicles (BEVs) for passenger cars in Europe and 50% sales of passenger vehicles and BEVs in the US. To achieve those sales targets, the Company is securing approximately 400 GWh of battery capacity. Stellantis is on track to achieve a zero-car emissions company by 2038 across the board, with a single-digit offset percentage of the remaining emissions.
# # #
About Samsung SDISamsung SDI, based in the Republic of Korea, is one of the world’s leading battery and electronics brands that is redefining the worlds of electric vehicles, electric garage systems and computing devices. The company drives transformation and innovation to emerge as a “leader in creative energy and textile solutions” in the fields of electric mobility, power solutions, as well as semiconductors and displays. The company is committed to sourcing one hundred percent renewable electricity for all its global operations by 2050. For the latest news, stop by Samsung SDI News in https://www. samsungsdi. com/sdi-news/list. html.
Contacts:
Samsung
Suhyun Song / Samsung Communications Team SDIstella. song@samsung. com 2 2255-2658
Stellantis
Fernão Silveira Global Communications / Stellantisfernao. silveira@stellantis. com 31 6 25 41
Shawn MorganNorth American Communications / Stellantishawn. morgan@stellantis. com 1 (248) 760-2621STELLANTIS Forward-Looking Statements
This communication includes forward-looking statements. In particular, statements relating to long-term occasions and expected effects of operations, business strategies, expected benefits of the proposed transaction, long-term monetary and operating effects, the expected end date of the proposed transaction and other topics, forecasts of our operations or operating effects. Statements to appear. These statements would possibly come with words like “possibly,” “will,” “hopes,” “could,” “”intends,” “estimates,” “anticipates,” “believes,” “Array,” “on the right track. “”, “design”, “goal”, “objective”, “goal”, “forecast”, “projection”, “perspective”, “perspective”, “plan” or similar terms. Forward-looking statements are not promises of long-term performance. Rather, they are based on Stellantis’ existing state of knowledge, long-term expectations and projections relating to long-term events and, by their nature, are subject to inherent risks and uncertainties. They relate to occasions and feature cases that would possibly happen or not exist in the long run and, as such, cannot be unduly trusted.
All forward-looking statements contained in this communication speak only as of the date hereof and Stellantis assumes no legal responsibility to publicly update or revise any forward-looking statements. More data related to Stellantis and its business, adding points that can be materially Stellantis’ monetary results are included in Stellantis’ reports and documents filed with the U. S. Securities and Exchange Commission. UU and AFM.
Attached