Stellantis announced that it will put $155 million into three plants in Kokomo, Indiana, to make new electric drive modules (EDMs). These EDMs will power future electric cars made in North America and help the US reach its goal of 50 percent battery electric sales by 2030. The Kokomo-built EDM will be incorporated into vehicles […]
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Stellantis STLA gained 4.34 percent, after revenue and net profit soared in 2022, year that has marked by a sharp rise in sales of electric vehicles to distribute $4.47 billion in dividends to shareholders and buy back shares worth $1.6 billion. Supply chain issues brought on by the conflict in Ukraine and an increase in […]
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A joint venture between Samsung and Stellantis is planning to build an electric vehicle battery factory in the region of Indiana that is going to employ around 1,400 workers and also becoming the second such factory of the company in the region of North America. The joint venture is also planning to spend over 2.5 […]
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Samsung and Stellantis, which is the parent company of Jeep, Chrysler, and Dodge has now selected the region of Kokomo in Indiana as the site for the new electric vehicle battery factory of Stellantis, which has been a leading electric vehicle battery manufacturing company. The companies has also made the announcement along with the Eric […]
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The company ‘Stellantis’ is going to be acquiring the Share Now, which is a car sharing company that has been formed by BMW AG and Mercedes-Benz AG, which has been the latest shakeup in the industry as the automobile company has been struggling to make the mobility services more profitable. The mobility brand Free2Move of […]
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On Monday, 18th October 2021, the companies including Stellantis, an automobile producer and LG Energy Solution has entered into a partnership for the purpose of forming a joint venture for producing the modules and battery cells for the region of North America. The batteries, which are going to be produced at the new facility is […]
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