Stellantis and Trudeau invest $2.8 billion to boost electric vehicle production in Canada – TechCrunch


Stellantis will spend $2.8 billion (C$3.6 billion) to ramp up production of electric vehicles at two of its Canadian plants, the company announced Monday. The funding is part of the $35.5 billion Stellantis will spend on electric vehicles and new software over the next year in its drive to move away from internal combustion engines and be zero carbon by now. 2038.

Stellantis North America Chief Operating Officer Mark Stewart, alongside Canadian Prime Minister Justin Trudeau, announced the redesign of facilities in Windsor and Brampton, Ontario during an event at the Research and Development Center automobile from the automaker in Windsor.

About a third of the new funds will come from the Government of Canada and the Government of Ontario, which plan to invest up to $410.7 million (C$529 million) and $398 million (C$513 million ), respectively, alongside Stellantis, a signal that Canada is keen to support domestic production of electric vehicles at a time when advancing climate change initiatives coincide with increasingly severe supply chain constraints. ‘supply.

“Today’s deal on made-in-Canada electric vehicles is another investment in our workers and in our future,” Prime Minister Trudeau said at the event. “We are building a world-class Canadian auto industry, an innovative economy and a clean, strong future for all. This is what a healthy environment and a healthy economy look like.

The funding will add more than 650 engineering jobs at the Windsor R&D center, according to Stellantis. The company also said an additional 2,500 jobs will be created at the Stellantis-LG Energy Solution battery joint venture, which was announced in October last year. At the time, Stellantis only said its new plant would be built in North America, but it’s now clear the automaker has its sights set on Ontario.

Stellantis, which has a range of vehicle brands including Alfa Romeo, Fiat, Chrysler, Dodge, Jeep, Ram and Peugot, has not yet specified which brands would be affected; however, work is likely to continue on the Chrysler Pacifica hybrid and other Chrysler electric vehicles, as well as some electrified Dodge cars.

The Windsor plant currently produces the Pacifica, as well as the Chrysler Voyager and Grand Caravan, the latter for the Canadian market only. At this year’s CES, Stellantis said Chrysler, best known for its minivans and being a family brand, will go all-electric by 2028. At the same time, the automaker unveiled its Airflow Concept, an electric SUV all-wheel drive. .

Meanwhile, the Brampton plant is home to production of the Chrysler 300 and the Dodge Challenger and Charger, all three of which are on the verge of extinction. Dodge has announced plans to launch an electric muscle car, the eMuscle, in 2024.

Retooling at Windsor is expected to begin in 2023, and retooling and modernization at Brampton in 2024, with the latter resuming production in 2025, with an “all-new flexible architecture to support the company’s electrification plans”, said the company said in a statement.

Stellantis said it would later announce which brands would be affected by the new funds. Regardless, we can expect vehicles produced at these factories to feature the automaker’s new software technology, from which Stellantis has announced plans to generate $22.5 billion a year. . All new Stellantis vehicles by 2024 will be equipped with the automaker’s platforms, including the “STLA Brain”, a cloud-connected technology that enables over-the-air software upgrades; the “SmartCockpit”, a platform built with Foxconn that provides applications such as navigation, voice assistance, e-commerce market and payment services; and “AutoDrive”, developed with BMW to offer automated driving features.

For those who want a high-tech hit now, this model year’s Pacificas can upgrade to an Amazon Fire TV to stream or download shows and movies or get information from Alexa, a partnership that will also hit million Stellantis vehicles by 2024.

Across its 14 brands, Stellantis currently offers 29 electrified models for sale worldwide. By the end of the decade, the automaker hopes to reach 75 BEVs worldwide, 25 of which will target the US market. Recently, Stellantis unveiled its first-ever all-electric Jeep SUV, which is expected to launch next year, as well as its new Ram 1500 BEV pickup, which is expected in 2024.

Source link


Comments are closed.