In a significant move to bolster its electric and hybrid vehicle lineup, Stellantis has announced plans to invest over USD 406 million in three of its Michigan plants. This investment is part of the company’s broader strategy to enhance its capabilities in electric vehicle (EV) and hybrid technology.
The Sterling Heights Assembly Plant is set to become Stellantis’ first facility in the US dedicated to manufacturing fully electric vehicles. This marks a milestone in the company’s commitment to transitioning towards a more sustainable automotive future.
In addition to the Sterling Heights plant, Stellantis will allocate funds to retool the Warren Truck Assembly Plant. This plant will be updated to produce an electrified version of the popular Jeep Wagoneer. The investment will also enhance the Dundee Engine Plant’s capabilities to support the production of a new platform designed for a range of cars, crossovers, and SUVs.
This investment is part of Stellantis’s ambitious long-term plan, which includes spending over 50 billion euros (approximately USD 55.23 billion) over the next decade. The company’s goal is to achieve a 100% battery electric vehicle (BEV) sales mix in Europe and a 50% BEV sales mix for passenger cars and light-duty trucks in the US by 2030.
Stellantis’ investment underscores its commitment to advancing its electric and hybrid vehicle offerings and supporting the broader automotive industry’s shift towards sustainability.