Stellantis, a multinational automobile manufacturer, announced an expansion of its investments in Brazil to produce new models at its plant located in Rio de Janeiro, including some hybrid and electric vehicles.
The information, published by EFE news agency, was made by the Executive President of Stellantis for South America, Antonio Filosa, after a meeting with the Governor of Rio de Janeiro, Cláudio Castro, and benefits the plant in Porto Real, a municipality in the interior of this Brazilian state, where the company already produces the Peugeot 2008 and Citroen C3 models.
The multinational, which last year had announced an investment of approximately US$ 204 million to start producing the Citroen C3 Aircross in this plant, announced that the resources allocated to the plant will reach about US$ 510 million until 2025.
Investment Details
“The resources will be used in the development of new products, the modernization of facilities, systems and equipment and the assembly of a specific platform (the “CMP”) that will allow the company to produce hybrids and electric vehicles,” details the EFE report.
The platform will serve as the basis for the production of models of various brands equipped with Bio-Hybrid technology, which allows both thermal and electric and hybrid (gasoline or ethanol and electric) motorization of vehicles.
The announcement brings Stellantis’ total investment in South America up to 2025 to US$3.265 billion, including the resources allocated to its other two plants in Brazil (Betim and Goiana) and the two in Argentina (Córdoba and El Palomar).
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At the meeting with the governor of Rio de Janeiro, the manufacturer presented the Citroen C3 Aircross, a seven-seat SUV that it began manufacturing in Porto Real but has not yet launched commercially.
Filosa said the Porto Real plant will soon start producing another Citroen-branded model that is still under development.
“Our pole in Porto Real will be ready to manufacture models of the various brands that make up Stellantis. This is a strategic plant for the group’s development in South America,” said the executive.
Filosa also said that the multinational intends to attract new parts manufacturers to the municipality of Porto Real so that they can supply its plant.
