Stellantis Announces Plans for $2.5 Billion Battery Plant

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There are plans for a $2.5 billion electric car battery plant in Kokomo.

Stellantis, which is the corporate owner of Chrysler, Dodge, and Jeep, joined with Samsung to announce the project.

The plan is to build next generation batteries for electric vehicles at the plant.

The Indiana Economic Development Corporation says the new plant will mean up to 1,400 jobs.

Construction is expected to start this year, but the plant isn’t scheduled to open until 2025.