Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
EVs are not the main focus in Stellantis’ $13B investment strategy for the US

EVs are not the main focus in Stellantis’ $13B investment strategy for the US

Bitget-RWA2025/10/15 06:21
By:Bitget-RWA


Stellantis, the global car manufacturer behind Chrysler, Jeep, and Ram, announced a $13 billion investment to enhance its U.S. production facilities over the coming four years, as part of a comprehensive turnaround strategy led by its new CEO.

This funding will lead to the creation and manufacturing of five new models by 2029, with upgrades to plants in Illinois, Ohio, Michigan, and Indiana. The initiative also includes launching a new four-cylinder engine and reopening the Belvidere Assembly Plant in Illinois, enabling increased output of the Jeep Cherokee and Jeep Compass for American consumers. Altogether, the plan is expected to generate over 5,000 new jobs.

In contrast to earlier multibillion-dollar commitments, this investment is not centered on electric vehicles.

Among the five upcoming vehicles, one will be a range-extended electric model — combining a battery with a gasoline generator for longer driving range — set to be built at the Warren Truck Assembly Plant in Michigan starting in 2028. Stellantis also intends to manufacture a large, new gasoline-powered SUV at the same facility.

Other planned products include the next-generation Dodge Durango, which will be assembled at the Detroit Assembly Complex in 2029; a new midsize pickup truck to be produced at the Toledo Assembly Complex in Ohio; and a brand-new four-cylinder engine, the GMET4 EVO, scheduled for production at the Kokomo, Indiana, plant beginning in 2026.

EVs are not the main focus in Stellantis’ $13B investment strategy for the US image 0 Image Credits:Stellantis

Antonio Filosa, Stellantis CEO and North America COO, stated that this investment will fuel the company’s expansion, reinforce its manufacturing presence, and “create more American jobs in the communities we serve.”

“Driving growth in the U.S. has been my top focus from day one. Achieving success in America not only benefits Stellantis here but also strengthens our global position,” Filosa commented in a press release.

Over the past year, Stellantis has reduced its electrification ambitions for the U.S. market. In September, the company announced it would drop plans for an electrified Gladiator from the Jeep lineup as it reevaluated its product direction. Earlier that month, Stellantis also revealed it was scrapping plans for a battery-electric full-size pickup. Nevertheless, the company confirmed it still intends to build an extended-range Ram 1500 REV, previously known as the Ramcharger.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Top Hyperliquid Trader Shorts $97K in ETH Amid Bullish Market

Quick Take Summary is AI generated, newsroom reviewed. Trader shorts $20K ETH at $4,110.90 Total short equals $97,140 Average price stands at $4,096.77 Liquidation price posted as $8,818.49 ETH remains bullish despite short entries Hyperliquid volume stays strong near $100M dailyReferences X Post Reference

coinfomania2025/10/15 11:18