Enlarge / In 2024, Ram will offer a battery-electric Ram 1500 pickup truck, with battery packs of up to 200 kWh. (credit: Stellantis)
On Monday morning, the car conglomerate Stellantis and LG Energy Solution announced a new joint venture that will produce lithium ion battery cells destined for electric vehicles in North America. The factory—to be built at an as-yet unnamed site—should start producing cells in 2024, with a targeted output of 40 GWh/year once it is fully operational.
Stellantis was formed at the beginning of 2021 with the merger of Fiat Chrysler Automobiles (FCA)—which owned the Fiat, Ram, Jeep, and Chrysler brands, among others—together with Peugeot SA (PSA). FCA had been looking to partner up with another large OEM in order to prepare for the coming electrified future, and PSA had plenty of that expertise to bring to the table.
In July, Stellantis showed off its electrification roadmap, a $35.5 billion plan that includes four battery electric vehicle platforms, including one for the big body-on-frame pickups and SUVs that are so beloved by US customers.
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