Why it matters
The battery manufacturing context.
US battery-cell manufacturing capacity has roughly doubled every 18 months since 2022. Plants in this sector are foundational to the domestic electric-vehicle supply chain and to grid-scale energy storage required by the renewable build-out. Inflation Reduction Act §45X tax credits underwrite a significant fraction of the operating margin, making the economics workable at US labor costs.
Project record
At a glance
- Company
- Stellantis & Samsung SDI (StarPlus)
- Industry
- Battery Manufacturing
- Location
- Kokomo, Indiana
- Investment
- $3.20B
- Expected jobs
- 1,400
- Status
- Under Construction
- Announced
- May 24, 2022
- Expected opening
- Jan 1, 2025
- Added to tracker
- Apr 15, 2025
Sources
Official references
- Primary source https://www.stellantis.com/en/news
Related
Other projects to know
Across Battery Manufacturing
- Battery ManufacturingAmplify Cell Technologies (Daimler/PACCAR/Cummins/EVE)Marshall County, Mississippi$2.50B2,000 jobs
- Battery ManufacturingHyundai-LG Energy SolutionBryan County, Georgia$7.60B8,500 jobs
- Battery ManufacturingFord (BlueOval Battery Park Michigan)Marshall, Michigan$3.50B1,700 jobs
- Battery ManufacturingHonda & LG Energy SolutionJeffersonville, Ohio$4.40B2,200 jobs
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