Stellantis Battery Joint Venture To Get $7.6 Billion Federal Loan For Two Indiana Plants
While the name might not ring a bell, StarPlus Energy is a joint venture between FCA US and Samsung SDI. If the loan is finalized, the money will be used to establish two lithium-ion battery cell and module manufacturing plants in Kokomo, Indiana. The resulting batteries would then be used in Stellantis electric vehicles sold in North America.