Kokomo, Indiana, may not be the location the Beach Boys were singing about, but its definitely the current tune of both Stellantis and Samsung SDI, as the two announced a joint venture to build a US EV battery plant there. Together, the global automaker and battery manufacturer will invest over $2.5 billion to bring a slew of new EV jobs to Kokomo and its surrounding areas.
Supply chain issues brought on by the pandemic have been particularly challenging for the automotive sector. A global chip shortage among an onslaught of supply chain obstacles have adversely affected the entire industry. Tesla’s vertically integrated strategy proved to be very advantageous when facing these supply chain challenges.Read More
The mayor of a municipal area in the north of England called on Elon Musk to build a gigafactory for the production of electric vehicles in Tees Valley. The offer comes after the head of Tesla said that the company intends to have up to 12 factories around the world.Read More