Stellantis said it would pour more than $406 million into three Michigan facilities as the car maker doubles down on the production of electric vehicles.
The maker of the Jeep and Dodge brands said the Sterling Heights assembly facility would be its first U.S. plant to build a fully electric vehicle, the Ram 1500 REV to be launched in late 2024. The facility, in which Stellantis is injecting $235.5 million, will also build the all-new range-extended 2025 Ram 1500 Ramcharger.
"With these investments supporting both Jeep and Ram, we're adding innovations to our Michigan manufacturing footprint to support a multi-energy approach that is laser-focused on customer demand," Chief Executive Carlos Tavares said in a statement. The investment is part of the auto maker's plans for fully electric cars to make up half of its U.S. sales by the end of the decade.
Stellantis said it would also invest roughly $97.6 million in a Warren truck assembly plant to develop an electrified Jeep Wagoneer, one of four Jeep EVs that will be launched globally before the end of 2025. More than $73 million will instead go toward a Dundee engine plant.
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