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Stellantis to invest $35.5 billion in EVs and new technologies by 2025

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The logo of Stellantis, the world’s fourth-largest automaker which starts trading in Milan and Paris after Fiat Chrysler and Peugeot maker PSA finalised their merger, is seen at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18, 2021.

Massimo Pinca | Reuters

Stellantis – the merged automaker between Fiat Chrysler and French automaker PSA Groupe – plans to invest at least $35.5 billion (30 billion euros) in electric vehicles and supporting technologies through 2025.

The world’s fourth-largest automaker announced the plans Thursday during an electrification strategy event. Stellantis joins automakers such as Volkswagen, General Motors and Ford Motor in announcing…



Source cnbc.com

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