Stellantis and Samsung SDI Make Major RTW Indiana Investment

RTW-Indiana-NILRR (3)

Stellantis and Samsung SDI are working together to add a new facility soon in Right to Work Kokomo, Indiana. In order to do this, the company is investing an impressive total of $2.5 billion toward the project. As a result, this will create 1,400 new jobs. So this is exciting news for Howard County!

From Area Development Magazine:

“Just under one year ago, we committed to an aggressive electrification strategy anchored by five gigafactories between Europe and North America. […] Today’s announcement further solidifies our global battery production footprint and demonstrates Stellantis’ drive toward a decarbonized future outlined in Dare Forward 2030. I am grateful to Governor Holcomb and Secretary Chambers along with Mayor Moore, and their teams as well as all my colleagues for their support and dedication to bring this operation to Kokomo, a city that holds a rich and long history for our company.†[…]

“We express our gratitude towards officials from the state of Indiana and Stellantis for supporting the final selection of the plant site in Indiana. […] We have secured a solid foothold in a rapidly growing North American EV market through the joint venture with Stellantis. We will make sincere efforts to bring satisfaction to the market with top-class quality products in the future, and we will contribute towards meeting the climate change target.†[…]

“Our goals for the growth of Indiana’s economy are ambitious. […] This significant venture with Stellantis and Samsung SDI is squarely in line with our 5E focus on the energy transition and building an economy of the future. Large-scale investments like this are a testament to Indiana’s business-friendly climate, its strong workforce, a growing population and our continued investment in quality of life. The economic growth and momentum in our state this year is unprecedented.â€

AREA DEVELOPMENT MAGAZINE

To read the previous Area Development update on Right to Work states, click here.

To read more updates on Right to Work states, click here.


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