Stellantis commits over €1 billion to EV production in Europe
- Reports
- 4
- Developments
- 7
- Repetition
- 50%
New informationRepeats or wire copies
What happened
French President Emmanuel Macron announced that Stellantis will invest over 1 billion euros to produce electric vehicles at a site in eastern France. Additionally, Stellantis plans to invest over 1 billion euros in its Mulhouse factory to produce new generations of electric vehicles starting in 2029. The company is executing a faSTLAne 2030 strategic plan that outlines its long-term growth and product renewal across Europe.
Why it matters
The investment accelerates Stellantis's shift toward electric vehicle production in Europe. This move is part of a broader strategy where the automaker previously announced a 60-billion-euro investment and plans for more than 60 new vehicle launches by 2030.
Who's involved
- StellantisFranco-Italian-American multinational automotive manufacturer making the investment
How it developed
Newest first. Tap a step to see who reported it.- Stellantis introduced new entry-level trims, such as the Opel Combo Start, for sale in the European market.Sub-event
- Fiat X1/9 is suggested for diesel survival.Sub-event
- Stellantis plans to sell models in Europe by 2030, leveraging its Chinese production base.Sub-event
- Dongfeng Company and Stellantis Group establish a joint venture for electric vehicle production, leveraging Stellantis' brand and infrastructure amidst EU tariff challenges.Sub-event
- Stellantis is investing in next generation EV production lines at its Mulhouse base as part of its global manufacturing expansion.Sub-event
Stellantis is accelerating its EV transition and production investment across Europe.1 source
President Macron urged businesses to accelerate transport electrification in Europe.1 source
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The entities involved
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Stellantis
Franco-Italian-American multinational automotive manufacturer
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Europe
terrestrial continent located in north-western Eurasia
Related events
- A company (Renault) is operating in Europe, the Middle East, and Africa, and is also investing in Nissan joint ventures.
- Volkswagen Group is navigating weak demand and EV transition challenges while seeking partnerships in Europe and China.
- Aumann manufactures components for electric drive systems and serves as a market for specialized machinery in Europe.
- Chinese companies are establishing production bases in Europe, including facilities in Hungary and Spain.
- Volkswagen Group is exploring international markets in Europe while also manufacturing vehicles in India.