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July 08, 2021 02:36 AM

Stellantis to invest more than $35B through 2025 electrifying vehicle lineup

The strategy will be supported by five battery plants between Europe and North America

Reuters
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    The Fiat New 500 EV was introduced last year.

    MILAN -- Stellantis said on Thursday it plans to invest more than 30 billion euros ($35.54 billion) through 2025 on electrifying its vehicle lineup.

    The company said its strategy to roll out electrified vehicles will be supported by five battery plants between Europe and North America.

    Earlier, the automaker flagged that 2021 got off to a better-than-expected start despite a global chip shortage.

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