Stellantis Announces €400 Million Investment for New Peugeot Models in Mulhouse
Stellantis' Strategic Investment and New Peugeot Model Production
By Gilles Guillaume
Major Production Plans in Mulhouse
MULHOUSE, France, June 2 (Reuters) - Stellantis will produce three new electric and hybrid Peugeot models in its Mulhouse factory from 2029, it said on Tuesday, part of a revamped global strategy that includes a major new product blitz.
Financial Backing and Research Commitment
The new launches will be backed by a €400 million ($465.88 million) investment in the Mulhouse plant in eastern France, with a further €500 million going into research and development, mostly to the new STLA One platform aimed at producing a new range of electrified vehicles.
National and Platform-Level Developments
The details follow French President Emmanuel Macron's announcement last week that the Franco-Italian carmaker would invest €1 billion in France.
The STLA One platform, one of the pillars of the group's new strategy unveiled last month, will be launched first in Spain in 2027 with production of the new Peugeot 208, according to people familiar with the matter.
($1 = 0.8586 euros)
(Reporting by Gilles Guillaume;Writing by Dominique Patton;Editing by Sudip Kar-Gupta and Richard Lough)
