The joint venture by Stellantis and Samsung SDI is expected to create thousands of jobs. The plants will make battery cells and modules which will then be sold to Stellantis for use in their electric vehicle models sold in North America.

Since the law passed two years ago, more than $7.8 billion worth of private investment has come to the Hoosier state. Most of the money has gone to EV battery manufacturing plants for companies like Samsung, Stellantis and Toyota.