By Mandar Bakre on Tuesday, 17 September 2024
Category: Buzz

Stellantis to invest $400 mn to make electric vehicles at US plants

​Stellantis has announced plans to invest more than $406 million across three factories in Michigan, USA to convert them into production of electric vehicles (EVs) in line with the company's strategic plan dubbed 'Dare Forward 2030'.

A majority of the investment -- $235.5 million -- will go to the company's Sterling Heights Assembly Plant (SHAP), which will be its first US facility to build a fully-electric vehicle, the company said.

SHAP plant will manufacture the Ram 1500 REV --- Stellantis' first battery-electric light-duty pickup truck --- due later this year, as well as the all-new 2025 Ram 1500 Ramcharger, which will sport a greater range. Both vehicles will be built alongside internal combustion engine (ICE) models at SHAP, the company said.

In a statement, Carlos Tavares, CEO of Stellantis, said: "Sterling Heights Assembly has performed an incredible transformation in record time and I want to thank our colleagues for this great achievement."

"Gearing up to build our first-ever Ram electric truck and the range-extended version in Michigan is a meaningful moment of pride for our teams. With these investments supporting both Jeep and Ram, we're adding innovations to our Michigan manufacturing footprint to support a multi-energy approach that is laser-focused on customer demand," he added.

Besides SHAP, the company said it would make invest ~$98 million to retool the Warren Truck Assembly Plant for production of a future electrified Jeep Wagoneer, and ~$73 million at the Dundee Engine Plant for battery tray production and beam machining for the STLA Frame and STLA Large batteries.

Stellantis' has adopted a multi-energy approach spanning products, platforms, manufacturing and supply chain, which it believes allow it to adopt a wide variety of electrification adoption scenarios. In July, the company began to import into Europe the first batch of electric vehicles made by its joint venture with Leapmotor in China. 

Leave Comments