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Stellantis-Samsung’s $2.5 billion EV battery plant signals another loss for Michigan

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As Indiana officials delivered victory speeches, Michigan Economic Development Corp. CEO Quentin Messer said Michigan is still “competing aggressively” to win future investments by Stellantis and other companies.

“Today’s announcement proves once again that the landscape remains fiercely competitive for automotive and EV manufacturing projects,” Messer said in a statement. “Michigan is up to the challenge, with our rich manufacturing legacy, highly skilled workforce and globally-connected location.

Messer said losing the investment to Indiana reinforces the urgency to expand Michigan’s site preparedness efforts.

“While no single state can, or will, win every EV and mobility investment, Michigan’s pipeline remains strong and we remain laser-focused …” he said.

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Last fall, Stellantis and Samsung said they were signing a memorandum of understanding to form a joint venture for lithium ion battery production in North America.

Michigan had been in play to land it. Earlier this month, Stellantis COO Mark Stewart said in Detroit that Michigan “absolutely” could be home to a new plant and that the company, whose North American headquarters is in Auburn Hills, was making its decision on a fast track.

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