has committed to more than $186.5 million in support for the project, including in tax credits, training grants, infrastructure improvements, other site readiness efforts and repayable financing support for construction. Eric Holcomb said during a news conference in Kokomo, “but with today’s news, we all just became a lot richer.” “The state of Indiana has always had a rich automotive heritage,” Indiana Gov. Meanwhile, other states claiming major investments from its hometown automakers, foreign makes and EV startups are championing themselves as the future. With Stellantis’ long-term strategy calling for two battery plants in North America through 2030, Michigan could be at a loss for such a critical investment in an electrified mobility future for the next decade, potentially jeopardizing its manufacturing leadership.
The aim, however, is to grow the Indiana plant to 33 gigawatt hours, which would increase the investment up to $3.1 billion. The transatlantic automaker on Tuesday said it will begin production later this year on the plant offering an initial annual production capacity of 23 gigawatt hours when it launches in 2025 to supply North American vehicle assembly. Jeep maker Stellantis NV’s selection of Kokomo, Indiana, for a $2.5 billion battery plant with South Korean battery manufacturer Samsung SDI that will create 1,400 jobs shows Michigan needs to double down on efforts to attract investment needed to continue its leadership in the new age of automotive manufacturing, according to industry observers. Why Michigan Lost to Indiana for Stellantis Battery Plant MICHauto > Blog > MICHauto in the News > Why Michigan Lost to Indiana for Stellantis Battery Plant
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