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Stellantis Invests €400M in French EV Plant
2 Jun
Summary
- Mulhouse factory will produce three new electric and hybrid Peugeot models.
- A €400 million investment will be made in the French plant.
- New models will be built on the STLA One platform starting in 2029.
The Stellantis factory in Mulhouse, France, is set to become a hub for electric and hybrid vehicle production. By 2029, the plant will manufacture three new Peugeot electric and hybrid models. This initiative is supported by a substantial €400 million investment dedicated to the Mulhouse facility.
Further bolstering its commitment to electrification, Stellantis is allocating an additional €500 million to research and development. These new vehicles will be built on the STLA One platform, a cornerstone of the company's strategy for a new range of electrified cars. The STLA One platform is slated for its initial launch in Spain in 2027 with the new Peugeot 208.
This investment in France totals €1 billion, as recently announced by President Emmanuel Macron. The revamped global strategy signals a major product expansion for Stellantis, with a significant focus on transitioning to electric mobility.
