European Automaker Makes Major Leap into Electric Era: Stellantis to Invest €400 Million in French Plant In a significant move towards a more sustainable future, Stellantis, the parent company of Peugeot, has announced plans to invest a substantial €400 million in its Mulhouse, France, plant. The investment will enable the production of three new full-electric and hybrid Peugeot models from 2029, marking a major expansion of the company's electric vehicle offerings. The new models will be built on the cutting-edge STLA One platform, a modular design that promises to reduce production costs and improve efficiency. This strategic move is expected to play a crucial role in Stellantis' plans to become a leading player in the rapidly evolving electric vehicle market.
Stellantis will invest €400 million to produce three new full-electric and hybrid Peugeot models at its Mulhouse, France, plant from 2029. The launches will use the new STLA One platform, designed to ...
