Stellantis is betting on electric. The Franco-Italian-American car manufacturer announced on Wednesday, September 11, an investment of more than $406 million, spread across three factories in Michigan (north) and geared towards the production of electric vehicles and batteries. These “investments support Stellantis’ multi-energy technology and production flexibility to leverage its competitive advantages across a wide range of electrification adoption scenarios,” the group said in a press release, specifying that they were part of its Dare Forward 2030 corporate plan.
The plan calls for an investment of more than $50 billion in electrification, to achieve, by 2030, 100% of sales of electric vehicles (BEV) for individuals in Europe and 50% for cars and pickups in the United States. In detail, the manufacturer intends to grant $235.5 million to the Sterling Heights plant (SHAP), which is to produce the very first fully electric pickup of the Ram brand. The Ram 1500 REV is to be marketed by the end of the year.
The group recently modernized this plant to be able to produce thermal and electric vehicles on the same assembly line. In addition, the Warren Truck Plant (WTAP) complex is to receive approximately $97.6 million to manufacture the future electric Jeep Wagoneer, which is to be launched by the end of (…)
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