Samsung Union Talks Enter Final Stage as Strike Threat Looms 
GameStop Raises eBay Stake to 6.6% as Ryan Cohen Pushes $56 Billion Takeover Bid 
Gold Prices Steady as Iran War Fuels Inflation and Rate Concerns 
Asian Stocks Rally as Nvidia Earnings Boost Tech Shares, Samsung Jumps on Wage Deal 
OpenAI Eyes IPO Filing as Early as This Week Amid Rising AI Competition 
Goldman Sachs to Pay $500M in 1MDB Shareholder Fraud Settlement 
Trump Signals Tough Stance on Iran Uranium Stockpile as Nuclear Talks Show Limited Progress 
Anthropic Revenue Surge Signals Strong AI Market Momentum in 2026 
Samsung Faces Major Strike Threat as Union Restarts Pay Talks 
SpaceX IPO Nears as Goldman Sachs Set to Lead Historic $75 Billion Offering 
OpenAI Expands Globally with First Overseas AI Lab in Singapore 
Samsung, Union Edge Closer to Deal as Strike Threat Looms 
Mistral AI Acquires Emmi AI to Expand Industrial AI Solutions in Europe 
JPMorgan Sees Large-Cap Biotech Stocks Entering New Growth Phase in 2026 
NHS shakeup: if it sounds like we’ve been here before, it’s because we have 
X Corp Loses Legal Battle Over Australia Child Safety Fine 
Samsung SDI and Stellantis N.V. have revealed plans for a second U.S. electric vehicle (EV) battery plant following their successful StarPlus Energy joint venture in Indiana. The forthcoming facility, due to begin production in early 2027, will generate 34 GWh annually, bringing the combined capacity to 67 GWh - enough to power more than 1 million EVs.
The new EV battery plant, expected to commence production in early 2027, will have an initial capacity of 34 GWh annually. While the exact investment has not been disclosed, industry officials estimate that around 4 trillion won ($3.1 billion) will be spent on its construction. Once both factories are operational, their combined EV battery output capacity will reach 67 GWh, enough to power over 1 million EVs.
Though the specific location of the new facility is yet to be finalized, industry officials suggest it will likely be near the first battery factory in Indiana to enable efficient coordination between the two plants.
Carlos Tavares, CEO of Stellantis, expressed his enthusiasm for the upcoming facility, highlighting its crucial role in achieving their goal of introducing at least 25 new battery electric vehicle models to the North American market by the end of the decade. He pledged to expand their operations in the United States further while partnering with Samsung SDI as they work towards their carbon neutrality commitment by 2038.
Apart from the Stellantis partnership, Samsung SDI is also collaborating with General Motors (GM) to establish a joint venture for manufacturing nickel-rich prismatic and cylindrical batteries in the U.S. This venture, set to launch mass production in 2026, will see an investment of over $3 billion and an annual production capacity exceeding 30 GWh.
While the location of the first battery facility under this partnership is undisclosed, Samsung SDI's commitment to penetrate the U.S. EV battery market and ensure a stable supply of products remains evident.
Photo: Olena Sergienko/Unsplash
