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Stellantis announces 160 million euro investment to launch electric SUV in 2025

2023-06-01 22:21
Stellantis will invest 160 million euros ($176.13 million) at its Rennes plant to launch a 100% electric compact
Stellantis announces 160 million euro investment to launch electric SUV in 2025

Stellantis will invest 160 million euros ($176.13 million) at its Rennes plant to launch a 100% electric compact SUV in 2025, the Franco-Italian-American car manufacturer announced on Thursday.

Stellantis will use the investment to set up a battery assembly workshop as well as one dedicated to plastic injection, it said in a statement.

($1 = 0.9084 euros)

(Reporting by Gilles Guillaume; Wriiting by Olivier Sorgho; Edited by Kirsten Donovan)