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Jeep Maker May Invest Billions to Make EVs in Mexico

  • Jeep maker may retool Saltillo plant to make electric vehicles
  • CEO, AMLO discussed strengthening Mexico supply chain in July

Stellantis NV is considering renovating a plant in Mexico to build hybrid and electric vehicles as it transforms its lineup to meet surging demand for battery-powered transport.

The owner of the Jeep, Peugeot and Ram brands is contemplating a retooling of its factory in Saltillo, Coahuila, one of northern Mexico’s industrial hubs about 200 miles from the Texas border, according to people familiar with the deliberations, who asked not to be named without permission to speak publicly.