Stellantis, a 30 billion bet

With an investment quantified in over 30 billion euros, Stellantis (the fourth largest automaker in the world by vehicle volume) aims to populate its car catalog with electric cars by 2025. This was announced today by the group, born in January from the merger between Fiat Chrysler Automobiles and PSA.

Gigafactory Stellantis in Termoli, all-in on electric cars

The objective will be pursued through a strategy that will be based above all on plants for the production of batteries: five are located between Europe and North America. The hypothesis of one has also been advanced in recent weeks Gigafactory italiana, now comes the confirmation: it will rise to Termoli, in the province of Campobasso. The statement of the CEO Carlos Tavares is reproduced below in translated form.

This moment of transformation represents a fantastic opportunity to reset the clock and start a new race. The group is fully focused on this electrification journey.

On the occasion of the event EV Day 2021 organized today, Thursday 8 July, Stellantis has put pen to paper its 2030 targets: 70% of electric or hybrid cars sold in Europe on all vehicles marketed, 40% in the United States. Each of the controlled brands will contribute models to their respective models: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram and Vauxhal.

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