Investing
Stellantis to invest $229 million to upgrade Indiana plants for EVs
Published by maria gbaf
Posted on October 8, 2021
1 min readLast updated: January 30, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on October 8, 2021
1 min readLast updated: January 30, 2026
Stellantis will invest $229 million in Indiana to upgrade plants for EV production, retaining 662 jobs and advancing low-emission technology.
(Reuters) – Stellantis, the world’s fourth largest carmaker, said on Thursday it would invest $229 million in three plants in Indiana to expedite the development of electric vehicles.
The investment, which will retain 662 jobs, will retool three Kokomo plants in Indiana to produce electrified, eight-speed transmissions, Stellantis said.
A global clampdown on emissions has forced carmakers to accelerate the development of low-emission technology, even for their low-margin mainstream models.
Stellantis, formed earlier this year though the merger of Fiat Chrysler and France’s PSA, made the announcement during an event at the Kokomo Transmission Plant attended by Indiana Governor Eric Holcomb.
Earlier this year, the carmaker announced it would invest more than 30 billion euros ($35.54 billion) through 2025 on electrifying its vehicle lineup.
(Reporting by Shreyasee Raj; Editing by Shailesh Kuber)
The article discusses Stellantis' $229 million investment in Indiana plants for electric vehicle development.
Stellantis is investing to upgrade plants for producing electrified transmissions, retaining jobs and advancing EV technology.
Stellantis plans to invest over $35 billion by 2025 to electrify its vehicle lineup, responding to global emission regulations.
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