The companies did not disclose where or when the new plant will open. It will have an initial production capacity of 34-gigawatt hours. The two companies have already partnered on a plant in Kokomo, Indiana. That factory, slated to open in 2025, will be able to make enough batteries for up to 500,000 electric vehicles annually. Dutch automaker Stellantis (STLAM.MI), which owns the Peugeot, Citroen, and Opel brands, also has a separate deal with LG Energy Solution on a battery plant in Windsor, Ontario, Canada, that is scheduled to start production this year. EV battery plants are becoming increasingly popular … Continue reading US to Become Major Hub for Electric Vehicle Batteries