Stellantis invests heavily to produce electric vehicle battery cells and modules in North America

On Friday, Stellantis and South Korea‘s Samsung SDI have signed an deal to produce electric vehicle battery cells and modules in the United States.

Earlier this week, the forth largest automaker signed a similar agreement with South Korean battery maker LG Energy Solution to produce battery cells and modules for North America.

The batteries produced under these agreements will supply Stellantis’ Canadian, Mexican, and American assembly plants for installation in hybrid and fully electric vehicles.

Stellantis has said it wants to secure more than 130 GWh of global battery capacity by 2025 and more than 260 GWh by 2030.

Stellantis earlier this year announced it would invest more than 30 billion euros through 2025 on electrifying its vehicle line-up. It has set a goal that its electric vehicles will account for more than 40 percent of its U.S.A. sales by 2030.