Loading...
Market
Will the Stellantis-Samsung SDI joint venture create over 6,000 jobs in Kokomo by end of 2026?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Employment statistics from local government or official statements from Stellantis and Samsung SDI
Story
U.S. Offers $7.54 Billion Loan for Stellantis, Samsung SDI Battery Venture in Kokomo, Indiana
Dec 2, 2024, 03:55 PM
The Biden administration has announced a proposed loan of up to $7.54 billion for a joint venture between Samsung SDI and Stellantis to establish two electric vehicle (EV) battery manufacturing plants in Kokomo, Indiana. This financing aims to support Stellantis's EV production and is expected to create over 6,000 jobs. The move comes amidst a backdrop of federal loans to struggling EV manufacturers, with critics questioning the allocation of taxpayer funds to companies like Rivian, which received a $6.6 billion loan for its EV factory in Georgia.
View original story
Similar markets
Yes • 50%
No • 50%
No • 50%
Yes • 50%
No announcement • 25%
Not completed • 25%
Partially completed • 25%
Completed as planned • 25%
No • 50%
Yes • 50%
Uncertain/Not disclosed • 25%
Increased employment • 25%
No change in employment • 25%
Decreased employment • 25%
Yes • 50%
No • 50%
Yes, in Europe • 25%
No closures • 25%
Yes, in the US • 25%
Yes, in another region • 25%
No • 50%
Yes • 50%
