Stellantis to invest $2.5 billion in electric vehicle battery plant in Kokomo

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Stellantis to invest $2.5 billion in electric vehicle battery plant in Kokomo
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JUST IN | Stellantis is investing $2.5 billion in an electric vehicle battery facility Kokomo.

Stellantis, formed last year with the merger of Fiat Chrysler and France’s PSA Peugeot, has said it will build two electric vehicle battery factories in North America.In March it announced plans to spend $4.1 billion in a joint venture with LG Energy Solution of South Korea to build one of them in Windsor, Ontario. That plant will employ about 2,500 people.

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