Stellantis Eyes $1.16 Billion Investment in France Van Manufacturing
Stellantis (STLA) is reportedly planning a $1.16 billion investment to upgrade its van manufacturing operations in Hordain, France as part of a broader €60 billion five-year strategic plan aimed at boosting growth and profitability by 2028. The company also plans to bring certain production processes in-house and enhance R&D efforts for new vehicle development. In addition, Stellantis confirmed over €1 billion investment at its Mulhouse plant starting from 2029 to produce three Peugeot electric and hybrid models. This move aligns with the automaker’s multi-energy strategy targeting both EV and hybrid segments in Europe. The company is also forming strategic partnerships with Zhejiang Leapmotor Technology Co. and Dongfeng Motor Corp., aiming to optimize manufacturing capacity across its European plants. Despite these plans, Stellantis faces challenges including stiff competition from Chinese electric vehicle manufacturers and a recent Q2 net income of €293 million that fell short of analyst expectations.
Tickers: $STLA
Topics: electric_vehicles Europe investment strategy