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Stellantis will enter joint venture with Samsung SDI for EV batteries

SEOUL — South Korean battery maker Samsung SDI Co Ltd and global automaker Stellantis NV have agreed to jointly produce electric vehicle (EV) batteries for the North American market, a person familiar with the matter said on Tuesday. Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics, already has EV battery plants in South Korea, China and Hungary, which supply customers such as BMW and Ford. "The two companies (Samsung SDI and Stellantis) have struck a MOU (memorandum of understanding) to produce EV batteries for North America," the person with knowledge of the matter told Reuters. The source spoke of condition of anonymity because of the sensitivity of the matter. The person said the location of the battery joint venture is under review and will be announced later. In July, Reuters reported that Samsung SDI may build a battery plant in the United States, citing a company source. South Korea's Yonhap news agency earlier reported the two companies plan to build a factory in the United States, citing industry sources. Samsung SDI and Stellantis did not have immediate comment when reached by Reuters. Stellantis on Monday struck a preliminary deal with battery maker South Korea's LG Energy Solution (LGES) to produce battery cells and modules for North America. Shares of Samsung SDI were up 2.6% as of 0300 GMT, versus a 0.6% rise in the KOSPI benchmark index. Related video: Green Alfa Romeo Chrysler Dodge Ferrari Fiat Jeep Maserati RAM Citroen Lancia Opel Peugeot Vauxhall

Watch Jay Leno drive an ex-highway patrol '61 Dodge Polara

The latest vehicle to swing by Jay Leno's Garage is a 1961 Dodge Polara. This one was used by the California Highway Patrol half a century ago, ordered specially by the state police instead of the Darts that were usually used by law-enforcement. After sitting out in the sun for a few decades, it recently underwent a comprehensive, ground-up restoration by the historians and craftsmen at the Automobile Club of Southern California. As you can see for yourself, the result of the restoration is really quite stunning. The ACSC apparently spared no expense, bringing the 413-cubic-inch V8 back up to working order, along with the emergency lighting, radio, certified speedometer... the works. In the process they even found the engine cranked out more than the factory quote of 325 horsepower, recording 332 hp and 406 pound-feet of torque on the dyno. The Polara CHP cruiser hadn't even been back out on the freeway since the restoration was finished. But after getting the full run-down from the guys responsible for its resuscitation, Jay wasted little time in bringing it back to its natural habitat.

Dodge Hellcat Widebody delivers Christmas tree at 174 mph

The holidays are here, and so last-minute shoppers are going to be in a serious rush to get all the items they need, especially Christmas shoppers that haven't even put up a tree yet. Those seriously late folks may want to invest in a Challenger Hellcat because apparently they can go an incredible 174 mph with a Christmas tree strapped to the roof. This was discovered by the folks at Hennessey. They got a Hellcat Widebody from Dodge for the little experiment, along with a suction cup mount roof rack from SeaSucker and a real Christmas tree from Lowe's. Then it was off to the Continental Tire test track in Texas to see how fast it could go, which, as mentioned was 174 mph. As you'll see in the video, it takes quite a bit of road to move up from 170 to 174 mph. It's impressive that the tree and roof rack don't seem to budge. And it's all capped off with a huge smokey burnout to the sound of V8 rumble and supercharger whine. It's a fun way to get into the holiday spirit. And we'll look forward to next year when maybe Dodge will give Hennessey a Demon to try out. Related Video: