- Wednesday, October 16, 2024
Stellantis, the automotive giant behind popular brands like Chrysler, Fiat, and Jeep, is making a significant investment of €103 million ($111.1 million) to increase its production capacity of electric drive modules in Hungary. This move comes as part of the company's efforts to strengthen its electric vehicle portfolio.
The expansion of production will take place in Szentgotthard, a Hungarian city, and is expected to commence in late 2026. As a result of this investment, job opportunities will be created in the European region.
Previously, Stellantis utilized its factories in Tremery-Metz, France, and Kokomo, Indiana, for the production of electric drive modules. Now, the company is capitalizing on the Mirafiori complex in Italy to expand its output of next-generation electrified dual-clutch transmissions this year, catering to their hybrid and plug-in hybrid vehicles.
With a commitment to electrification, Stellantis plans to invest over €50 billion in the next decade. This substantial investment will enable the company to achieve its strategic target of achieving a 100% passenger car battery electric vehicle sales mix in Europe by 2030. Additionally, Stellantis aims to reach a 50% sales mix of passenger cars and light-duty trucks that are fully electric or battery electric in the United States by the same year.
These ambitious initiatives demonstrate Stellantis' commitment to sustainable transportation and their determination to lead the way in electric vehicle innovation.
All Rights Reserved © 2024
Post a comment