Stellantis just made an 'aggressive' $35.5 billion commitment to electric vehicles
CNN
Stellantis, the giant automaker formed by the merger of Fiat Chrysler Automobiles and France's PSA, plans to invest €30 billion, or $35.5 billion, by the end of 2025 to expand its portfolio of electrified vehicles.
The company is planning for 70% of its sales in Europe and 40% of sales in the US to be either fully electric or plug-in hybrid (but with a large majority of those vehicles being fully electric) within four years, Stellantis CEO Carlos Tevares said during an online presentation. "[The plan] is among the most aggressive electric vehicle commitments the industry has yet seen," said Karl Brauer, an industry analyst with ISeeCars.com.
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