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Stellantis's Peugeot Inception concept electric vehicle is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas in Nevada, on Jan. 5, 2023. Ethan Miller/Getty Images
Stellantis N.V. and South Korean battery maker Samsung SDI said on Monday they plan to build a second electric vehicle battery plant in the United States.
The companies said the location of the new plant is under review. Both companies signed a memorandum of understanding under its existing joint venture called StarPlus Energy, according to a news release.
