Manage Tickers Link Financial Account

Has my stock been accused of fraud?Join over 160k users who know.

Ticker	Price	Change($)	Change(%)	Shares	Volume	Prev Close	Open	Gain($)	Gain(%)

Ticker	Status	Jurisdiction	Filing Date	CP Start	CP End	CP Loss	Deadline

Ticker	Case Name	Status	CP Start	CP End	Deadline	Settlement Amt

Ticker	Name	Date	Analyst Firm	Up/Down	Target ($)	Rating Change	Rating Current

Stellantis, Samsung SDI Collaborate To Produce EV Battery For North America

Author: Anusuya Lahiri | October 22, 2021 06:48am

Stellantis NV (NYSE:STLA) and Samsung SDI Co Ltd (OTC:SSDIY) agreed to form a joint venture to produce battery cells and modules for North America as planned.
Targeted to start in 2025, the plant intends to have an initial annual production capacity of 23-gigawatt hours, with the ability to increase up to 40-gigawatt hours in the future. The location of the new facility is currently under review.
“With the forthcoming battery plants coming online, we will be well-positioned to compete and ultimately win in the North American electric vehicle market,” Stellantis CEO Carlos Tavares said.
Stellantis plans to invest over €30 billion through 2025 in electrification and software development.
Price Action: STLA shares closed higher by 0.46% at $19.67 on Thursday.

Posted In: SSDIY STLA