{"id":23547,"date":"2023-10-05T05:05:00","date_gmt":"2023-10-05T10:05:00","guid":{"rendered":"https:\/\/latamobility.com\/?p=23547"},"modified":"2023-10-04T19:23:19","modified_gmt":"2023-10-05T00:23:19","slug":"stellantis-commits-major-investment-to-produce-electric-vehicles-in-brazil","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/stellantis-commits-major-investment-to-produce-electric-vehicles-in-brazil\/","title":{"rendered":"Stellantis Commits Major Investment to Produce Electric Vehicles in Brazil"},"content":{"rendered":"\n
Stellantis,<\/strong> 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.<\/p>\n\n\n\n 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, Cl\u00e1udio 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.<\/strong><\/p>\n\n\n\n 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.<\/strong><\/p>\n\n\n\n “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,”<\/strong> details the EFE report.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n 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 (C\u00f3rdoba and El Palomar).<\/strong><\/p>\n\n\n\nInvestment Details<\/strong><\/h2>\n\n\n\n