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Global automaker Stellantis is reportedly planning to increase its investment in the United States by up to $10 billion, as part of its strategy to expand electric vehicle (EV) production and strengthen its North American footprint.
According to industry sources, the potential investment would support the development of battery manufacturing facilities, EV assembly plants, and advanced supply chain networks across key states. The move aligns with Stellantis’ long-term plan to achieve carbon net-zero by 2038 and accelerate EV adoption in the U.S. market.
The company, which owns brands such as Jeep, Dodge, Chrysler, and Ram, is evaluating partnerships with American battery producers to localize supply and reduce dependency on overseas raw materials.
This proposed investment comes amid intensifying competition among global automakers, including General Motors, Ford, and Tesla, who are ramping up their EV and battery production capacities under U.S. clean energy incentives.
Analysts view Stellantis’ expansion as a major step to reinforce its presence in the world’s second-largest automotive market, boost local employment, and advance the Biden administration’s goal of building a sustainable, domestic EV ecosystem.
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