Stellantis' Electrifying Leap: Opens Its First Battery Technology Center In Italy
Portfolio Pulse from Shivani Kumaresan
Stellantis NV has inaugurated its first Battery Technology Center in Turin, Italy, with an investment of €40 million. The center will boost Stellantis' capabilities to design, develop, and test battery packs and software for upcoming vehicles. The company is also building a Battery Technology Center in Windsor, Ontario, Canada, and plans to establish more battery-making plants to boost EV production. Stellantis' strategic plan aims at reaching a 100% passenger car BEV sales mix in Europe and 50% in the U.S. by 2030.
September 08, 2023 | 12:41 pm
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Stellantis' new Battery Technology Center in Italy and its plans for more battery-making plants indicate a strong commitment to EV production, which could potentially boost its market position and share value.
The establishment of the Battery Technology Center and plans for more battery-making plants show Stellantis' strategic focus on EV production. This could attract investors interested in the EV market, potentially driving up the company's share price.
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