Stellantis NV to Invest $2.8 Billion on Assembly Plants, Center to Accelerate Electrification Strategy
02 Mai 2022 - 8:42PM
Dow Jones News
By Denny Jacob
Stellantis NV said Monday it plans to invest 3.6 billion
Canadian dollars ($2.8 billion) on two assembly plants and to
expand its automotive research and development center as part of
its long-term electrification strategy.
The global auto-making giant said its assembly plant in Windsor,
Ontario, will be transformed to support production of a new
multi-energy vehicle architecture that will provide
battery-electric capability for multiple models. Retooling is
expected to begin in 2023. Its assembly plant in Brampton will be
retooled and modernized beginning in 2024.
The company said its research and development center will add
650 engineering jobs and become a battery lab. The new facility
will be added to the existing building with completion expected to
by the end of 2023.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 02, 2022 14:27 ET (18:27 GMT)
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