Stellantis Announces $155 Million Investment to Power the Future of Electric Vehicles in North America

Stellantis, one of the world's leading automakers, has made a massive investment in three Indiana-based facilities to achieve 50% of sales in the United States through battery electric vehicles by 2030. The automaker plans to invest $155 million to produce new electric drive modules (EDMs) to power electric cars in North America.

The Kokomo-based manufacturing facilities will play a vital role in the production of EDMs. These EDMs will power electric vehicles that will be assembled in North America, providing a complete solution for electric propulsion consisting of three main components: electric motor, power electronics, and transmission, enclosed in a single module. The new optimized EDM will allow each platform to achieve up to 500 miles of range, offering better performance and range at competitive costs.

Stellantis has ambitious plans to launch more than 25 battery electric vehicles in the United States by 2030. The EDMs manufactured in Kokomo will be integrated into cars based on the STLA Large and STLA Frame platforms. The investment will concern the Indiana Transmission, Kokomo Transmission, and Kokomo Casting plants, creating new jobs and maintaining over 265 positions in the three facilities.

By combining the benefits of EDM with new BEV platforms and innovative batteries, Stellantis plans to offer its customers a variety of electric vehicles with unmatched performance and range at more affordable prices. With this investment, the automaker is making a significant step in decarbonizing its operations in North America and setting up building blocks to support a transition to a greener future.

The Kokomo-based manufacturing facilities will leverage the critical manufacturing skills of the local workforce in the foundry, machining, and assembly industries, which are also essential as the market transitions to an electrified future. The investment will provide an opportunity to maintain and further develop the manufacturing skills of local employees, ensuring they continue to play a vital role in offering safe, clean, and accessible mobility solutions to customers for years to come.

This investment is part of Stellantis' commitment to being net zero carbon by 2038, as stated in the Dare Forward 2030 strategic plan. Since 2020, Stellantis has invested nearly $3.3 billion in Indiana to drive the transition to electrification, including a recently announced $643 million investment to produce a new engine for traditional and PHEV applications, a next-generation eight-speed transmission, and a joint venture gigafactory with Samsung SDI.

Stellantis CEO, Carlos Tavares, said, "As we successfully continue our transition to a decarbonized future in our European operations, we are now setting up these same building blocks for the North American market. And thanks to our in-house production capabilities and expertise, we can do it flexibly and efficiently."

Mark Stewart, COO of Stellantis North America, added, "This community will continue to play a central role in our effort to offer safe, clean, and accessible mobility solutions to our customers well into the future." With this investment, Stellantis is not only investing in the future of electric vehicles but also investing in the future of the local community in Indiana.