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Stellantis to invest over $406 mln in Michigan plants in EV, hybrid push
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Stellantis to invest over $406 mln in Michigan plants in EV, hybrid push
Sep 11, 2024 10:14 AM

Sept 11 (Reuters) - Stellantis ( STLA ) said on

Wednesday it would invest more than $406 million in three

facilities in Michigan to develop a platform that can be shared

for both electric and hybrid vehicles.

One of the facilities, the Sterling Heights Assembly Plant,

would become its first in the U.S. to build fully EVs, the

Chrysler-parent said.

The company said it will spend more to retool Warren Truck

Assembly Plant for making an electrified Jeep Wagoneer and raise

investment at Dundee Engine Plant for producing its recently

launched platform for cars, crossovers and SUV models.

It will spend more than 50 billion euros ($55.23 billion)

over the decade in its aim to reach 100% passenger car battery

electric vehicles sales (BEV) mix in Europe and 50% passenger

car and light-duty truck BEV sales in the U.S. by 2030.

($1 = 0.9053 euros)

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