Jeep Maker Will Plow $36 Billion Into Electrifying Lineup
- Stellantis to source batteries from plants in Europe, U.S.
- CEO Tavares under pressure to transform 14-brand juggernaut
The all-new two-row 2022 Jeep Grand Cherokee 4xe.
Source: StellantisThis article is for subscribers only.
Stellantis NV plans to spend more than 30 billion euros ($36 billion) on an electrification and software strategy that will be pivotal for what’s become one of the world’s largest automakers.
The company formed from the merger of Fiat Chrysler and PSA Group intends to source 260 gigawatt-hours of EV batteries from five factories in Europe and North America by 2030. That’s a significant step up in capacity for a group chasing Tesla Inc. in the burgeoning business of electric vehicles.