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Samsung SDI Co., Ltd. (006400.KS)
- Reuters
Stellantis, Samsung SDI to build $2.5 billion Indiana JV battery plant
WASHINGTON (Reuters) -Stellantis NV and Samsung SDI said on Tuesday they will invest more than $2.5 billion to build a new joint venture battery plant in Kokomo, Indiana, as the Chrysler-parent ramps up electric vehicle production plans. Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23 gigawatt hours (GWh), with an aim to increase to 33 GWh in the next few years. The joint venture will create 1,400 new jobs and the investment could gradually increase to up to $3.1 billion.
- Reuters SG
CORRECTED-OFFICIAL UPDATE 1-Vietnam EV maker VinFast to shift legal HQ to Singapore ahead of first exports
Vietnam's VinFast is shifting its legal and financial headquarters to Singapore as the fledgling electric vehicle (EV) maker readies for a potential public listing and the first production run of cars for U.S. and European markets, its chief executive told Reuters. The three-year-old unit of conglomerate Vingroup JSC will start building its VF8 sport utility vehicle (SUV) next week, its own EV batteries in August, and a $4 billion U.S. factory by summer-end, Le Thi Thu Thuy said in an interview. VinFast has filed for an initial public offering (IPO) in the United States through a Singapore-based holding company - though market conditions might push the deal into 2023, Vingroup Chairman Pham Nhat Vuong said earlier this month.
- Reuters SG
Vietnam EV maker VinFast to shift HQ to Singapore ahead of IPO, first exports
Vietnam's VinFast is shifting its headquarters to Singapore as the fledgling electric vehicle (EV) maker readies for a public listing and the first production run of cars for U.S. and European markets, its chief executive told Reuters. The three-year-old unit of conglomerate Vingroup JSC will start building its VF8 sport utility vehicle (SUV) next week, its own EV batteries in August, and a $4 billion U.S. factory by summer-end, Le Thi Thu Thuy said in an interview. In the meantime, VinFast has filed for an initial public offering (IPO) in the United States through a Singapore-based holding company - though market conditions might push the deal into 2023, Vingroup said earlier this month.
