Samsung SDI to invest $2 billion to build second joint battery plant in US with Stellantis

FILE PHOTO: A general view of the Samsung SDI battery factory in God, Hungary, December 12, 2022. REUTERS/Marton Monus/file photo

SEOUL (Reuters) - South Korea's Samsung SDI Co Ltd said on Wednesday it plans to invest 2.7 trillion won ($2.00 billion) to build a second joint electric vehicle (EV) battery plant with Stellantis NV in the United States.

The South Korean battery maker said in a regulatory filing that it plans to execute the investment starting next April to November 2027.