Archive — US — techcrunch
EVs take a backseat in Stellantis’ $13B U.S. investment plan
Stellantis will invest $13 billion over four years to enhance U.S. manufacturing, producing five new vehicles including a range-extended EV and a gas-powered SUV. This plan, led by CEO Antonio Filosa, will create over 5,000 jobs but notably shifts focus away from electrification, having scaled back previous EV commitments.
Key points
- Stellantis is investing $13 billion to strengthen U.S. manufacturing.
- Five new vehicles will be developed, including a range-extended EV and a large gas SUV.
- Investment includes reopening the Belvidere Assembly Plant and producing a new four-cylinder engine.
- Expected creation of more than 5,000 jobs.
- Shift away from electrification with the cancellation of certain EV models previously planned.
Why it matters
- The investment reflects ongoing trends in the automotive industry towards diversification in powertrains amid fluctuating EV demand.
- Stellantis' move contrasts with many automakers prioritizing electrification, highlighting a broader strategic pivot within the industry as of 2025.
Stellantis' $13 billion investment underscores a strategic focus on job creation and internal combustion vehicles, indicating a significant pivot amidst the ongoing electrification debate in the automotive sector.