Stellantis, Samsung Plan Indiana Electric Car Battery Plant

Date Published05/25/2022
Author NameAssociated Press

Additional Reshoring Information:

Company/Division name Stellantis
Parent companySamsung Group
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):1400
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2025
Capital investment ($):2500
City reshored to:Kokomo
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredev batteries
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market
Find Reshoring Articles