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Stellantis Weighing Potential Multi- Billion Investment For EV Push

MEXICO
  • 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 company is also evaluating the possibility of instead investing in Mexico state, where it also has a plant in the city of Toluca, or in Sonora state, although Saltillo is the front-runner in terms of potential sites, one of the people said.
  • The investment would be in the multibillion-dollar range and would occur over the coming years, the person said.
    • President AMLO, Finance Minister Rogelio Ramirez de la O and Economy Minister Tatiana Clouthier met with Stellantis executives including Chief Executive Officer Carlos Tavares on July 20 to discuss electric vehicles and the desire to strengthen the company’s supply chain in Mexico, Clouthier said at the time. (Bloomberg)
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  • 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 company is also evaluating the possibility of instead investing in Mexico state, where it also has a plant in the city of Toluca, or in Sonora state, although Saltillo is the front-runner in terms of potential sites, one of the people said.
  • The investment would be in the multibillion-dollar range and would occur over the coming years, the person said.
    • President AMLO, Finance Minister Rogelio Ramirez de la O and Economy Minister Tatiana Clouthier met with Stellantis executives including Chief Executive Officer Carlos Tavares on July 20 to discuss electric vehicles and the desire to strengthen the company’s supply chain in Mexico, Clouthier said at the time. (Bloomberg)