Stellantis group, which was formed by the merger of PSA and FCA, took its place in the automobile world as a joint venture of many brands. With this merger, the electric car world was given importance and the work continues. The company has finally decided to make an important investment in this direction.
Stellantis made an additional $2.8 billion investment in Canada
Stellantis is currently working on two plants in Canada. The company pressed the button to increase the production of electric cars with additional investments. According to a statement made yesterday, the company stated that it will spend $2.8 billion.
With this investment, Stellantis has reached a huge budget of 35.5 billion dollars by the end of next year. So much so that the company has allocated this fund for the transition to fully electric vehicles and new software. On the other hand, Stellantis sets out with the motto of being carbon net zero by 2038. Canadian Prime Minister Trudeau made the following statements regarding the issue at the event.
Today’s deal on electric vehicles in Canada is another investment in our people and our future. At the same time, we are building a world-class Canadian auto industry, an innovative economy and a clean, strong future for all. This is what a healthy environment and a healthy economy look like.
Stellantis said with this investment, more than 650 engineering jobs will be added to the Windsor R&D centre. In addition, the company will recruit an additional 2,500 people to the Stellantis-LG Energy Solution joint battery venture announced in October last year.
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