https://techcrunch.com/2021/10/18/stellantis-lg-energy-to-build-u-s-battery-factory-in-new-joint-venture/

Stellantis, the automaker formed through a merger with Fiat Chrysler Automobiles and Groupe PSA, has reached a preliminary deal with LG Energy Solution to produce battery cells and modules in North America.

The deal, which still must be approved by regulators, is part of Stellantis’ plan to invest 30 billion euros ($34.8B) in electrification and software through 2025 in a bid to offer EV options for every model it produces in the U.S. and to reach specific sales goals for the region. The company has said it wants EVs to make up more than 40% of its U.S. sales by 2030. The facility will help Stellantis achieve a total minimum of 260 gigawatt hours of capacity by 2030, according to CEO Carlos Tavares.