Samsung JUST SHOCKED The Electric Car Industry With This NEW EV Battery Factory!

Samsung JUST SHOCKED The Electric Car Industry With This NEW EV Battery Factory!

#samsung #ev #battery

Automakers are spending billions of dollars to relocate battery cell manufacturers to their own countries to fulfill the predicted fast growth in demand for electric vehicles over the next decade. Automakers and tech developers from South Korea and the Netherlands are working to streamline their supply chains in an effort to save costs, simplify procedures, and prevent major disruptions. Since there are so few semiconductor chips available on a global scale, this has brought to light the industry's reliance on foreign suppliers. Those established in the United States or with significant operations here also aim to please the Biden administration. This administration has called on businesses to bring their supply chains to the United States.

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Thank You For Watching Our Video; Samsung JUST SHOCKED The Electric Car Industry With This NEW EV Battery Factory!

While Tesla is the country's top-selling electric vehicle manufacturer, other automakers were unwilling to engage in battery cell production until recently. Instead, they've turned to third-party manufacturers, many of whom are located in Asia. But now, Samsung and Stellantis are planning a 2.5 billion dollar battery facility in the United States!

The cells in electric vehicles are stored in battery packs with modules. The battery pack is by far the most critical and expensive part of an EV. It is more challenging to move these than smaller things like semiconductor chips because they might weigh hundreds or even thousands of pounds!

A new electric car battery manufacturing facility in Kokomo, Indiana, is set to open in 2025 with an initial annual production capacity of 23-gigawatt hours. It aims to increase that capacity to 33 GWh over the next few years according to binding agreements signed by Stellantis N.V., the company that owns Jeep and Ram, and Samsung SDI.

Stellantis electric vehicles are predicted to increase demand, which would lead to an increase in overall capacity. Stellantis was made when Fiat Chrysler and Peugeot merged in 2021. Former Peugeot CEO Carlos Tavares is in charge of the organization. Mr. Tavares announced last year that the business plans to invest 32 billion euros or $30 billion in electric vehicles by 2025 to catch up to Tesla, the major manufacturer of electric automobiles.

For decades, Chrysler has had a substantial presence in the city of Kokomo, located 60 miles north of Indianapolis and producing engines and transmissions. Kokomo and the surrounding areas will increase by 1,400 new jobs due to the joint venture's $2.5 billion investment. There is a potential for the investment to rise to $3.1 billion or €2.9 billion.

At Stellantis' North American assembly factories, the new facility will offer battery modules for a wide variety of cars. Construction of the plant is expected to begin later this year, with production set to commence in the first quarter of 2025 at the earliest possible opportunity.

According to Carlos Tavares, the company has been committed to an aggressive electrification plan based on five gigafactories in Europe and North America for less than a year. They are also pleased to report that our global battery production footprint has been further strengthened by this news, and this shows Stellantis' commitment to a decarbonized future."

Indiana's economic development targets are high. Taking on this big project with Stellantis and Samsung SDI fits right in with their 5E strategy of accelerating the transition to a low-carbon economy. Investing in Indiana's economy, workforce, and quality of life is paying off, as seen by these and other large-scale projects.

This year's growth and momentum have been unheard of in the state. Samsung SDI will use its cutting-edge technology PRiMX to produce EV battery cells and modules for the North American market at the Indiana site. Last year, Samsung established its premium battery technology brand PRiMX as an industry first and introduced the brand in January at CES 2022.

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[timost]

I wish some day nobody can shock The Electric Car Industry...

[jacbegeorge]

More efficient and affordable EV batteries will gain momentum, make environment pollution free.It will enable more people to buy cars.

[georgemacyn]

I beleive that the EV Battery market will expand 10 fold, and battery prices will go down in price, and will have a higher range.

[dennispashen]

Looks promising for the US and Europe. Price reduction will be critical to market capture, regardless of brand.

[evertondossantos]

The more decentralized the supply of key parts, components and raw materials for the industry, the fewer interruptions and supply problems we will have in the future.
The final cost will be an average of a strategic logistics and production plan that the industry will have to prepare and practice.

[talkingwithheroes]

Another great and informative video. Thank You It is good to hear that new jobs are happening and new jobs will be produced in America from the EV and Battery industries. In my opinion we should be producing as much as possible for us in America right here in America. Great news from Indiana!! America Catch Up!!! Sharing again another video from Tech Revolution Bob

[galenrodriguez]

Good to see Chrysler getting in the EV vehicle, not only to bring jobs to America but also to keep the company in the ev race. They are looking for the future and will not be held down.

[Raja-krul]

Respected video sir, before discussion, i would like to suggest that Please instal a Unit at Tamil Nadu, as in Tammi Nadu people are capable of understanding your needs and work honestly..

[dirkkarmel]

Year 2025, is close !
How efficient can the batteries be ?
140 G cells ?

Can only compete, using smaller products, IF have other comparable features.

-Price ?
-Production ?
-Quality ?
-Quantity ?
-Distribution ?

Only other remaining "hole" in EV market: ease of replacing.

[mmm]

INDIA IS ALSO GOOD OPTION TO MANUFACTURE

[CharlesBrown-xqug]

How can  industrial automation in battery factories be repurposed? Wise investors should diversify away from batteries or even prepare to short battery investment instruments to profit if batteries thoroughly become obsolete. The value of the sites at risk for battery production may remain stable.
Aloha
Charles M Brown lll