Stellantis to Invest $35.5+ Billion to Electrify Vehicle Lineup
Stellantis, the world’s No. 4 automaker, said on Thursday it plans to invest more than 30 billion euros ($35.54 billion) through 2025 on electrifying its vehicle lineup.
The company, which was formed in January from the merger of Fiat Chrysler and France’s PSA, said its strategy will be supported by five battery plants in Europe and North America as it gears up to compete with EV leader Tesla and other automakers globally. It said all 14 of its vehicle brands, including Peugeot, Jeep, Ram, Fiat and Opel, will offer fully electrified vehicles.