Stellantis, the world’s third-largest automaker, is accelerating its electric vehicle (EV) transformation in the United States with a record-breaking $13 billion investment.
The initiative marks the company’s largest-ever commitment in its 100-year U.S. history and strengthens its position in the race toward electrification and sustainable mobility. Here are 10 key facts about the investment and what it means for the EV market, jobs, and U.S. manufacturing.
Antonio Filosa, Stellantis CEO and North America COO, said: “As we begin our next 100 years, we are putting the customer at the center of our strategy, expanding our vehicle offerings and giving them the freedom to choose the products they want and love.”
1. Stellantis Commits $13 Billion Over Four Years
Stellantis will invest $13 billion between 2025 and 2029 to expand its U.S. operations, focusing on electric and hybrid vehicle production, new powertrains, and advanced manufacturing capabilities. This is the company’s biggest U.S. investment ever.
2. Focus on Electric and Hybrid Vehicles
A significant portion of the investment targets EV and range-extended hybrid vehicle development. Stellantis plans to launch an all-new range-extended electric SUV at the Warren Truck Assembly Plant in Michigan by 2028—reinforcing its EV roadmap under the Dare Forward 2030 strategy.
3. Five New Models for the U.S. Market
The company will roll out five brand-new models across Jeep, Dodge, and other Stellantis brands. These models will include next-generation EVs and electrified SUVs designed to compete in high-demand American segments.
4. 5,000 New Jobs Across Four States
The investment will create over 5,000 new jobs in Illinois, Ohio, Michigan, and Indiana, strengthening Stellantis’ manufacturing footprint and supporting local economies tied to the clean mobility transition.
5. Illinois Plant to Produce Electric Jeeps
Stellantis will reopen the Belvidere Assembly Plant in Illinois with a $600 million investment to produce Jeep Cherokee and Jeep Compass models, expected to include electric and hybrid variants. The reopening will create around 3,300 jobs and revive a key facility that was shuttered in 2023.
6. Michigan to Host a New Range-Extended EV SUV
In Michigan, the automaker will retool its Warren Truck Assembly Plant with nearly $100 million to produce a large range-extended electric SUV starting in 2028—adding about 900 jobs. This underscores Stellantis’ commitment to electrified SUVs, one of the fastest-growing automotive categories.
7. Indiana to Build the New Four-Cylinder EV-Capable Engine
Indiana will produce the GMET4 EVO, a next-generation four-cylinder engine optimized for both traditional and electrified powertrains. This $100 million investment ensures the U.S. remains a key base for Stellantis’ future hybrid and EV components.
8. Toledo to Build a New Midsize Truck
In Ohio, Stellantis will invest $400 million to produce a new midsize truck, possibly featuring electrified variants, at the Toledo Assembly Complex, where the Jeep Wrangler 4xe (a leading plug-in hybrid SUV) is already manufactured.
9. Strategic Move Amid U.S. Tariffs
The investment may also serve to mitigate the impact of U.S. tariffs on imported vehicles. By localizing EV and hybrid production, Stellantis can reduce costs and maintain competitiveness in its critical North American market.
10. Strengthening Stellantis’ EV Strategy in the U.S.
This expansion supports Stellantis’ Dare Forward 2030 vision, which targets 50 percent EV sales in North America by 2030. The new plants and product launches position the company to better compete with Tesla, GM, Ford, and BYD in the growing U.S. EV market.
Earlier, Stellantis announced that it is accelerating its transition to electric mobility through its “Dare Forward 2030” strategy. The company targets 100 percent battery-electric sales in Europe and 50 percent in the U.S. by 2030, with plans to launch 75 BEV models across brands such as Jeep, Fiat, Peugeot, and Dodge. It aims to achieve net-zero carbon emissions by 2038.
To support this shift, Stellantis is investing over €30 billion by 2025 in electrification and software development. Its expanding EV lineup includes the Jeep Recon, Wagoneer S, Fiat 500e, Peugeot e-208, and Ram 1500 REV. The company is also establishing five gigafactories in Europe and North America to secure battery supply for its growing range of electric vehicles.
Stellantis’ $13 billion U.S. investment signals a strong commitment to EV manufacturing, American jobs, and sustainable growth. With new electric SUVs, powertrain innovation, and thousands of new positions, Stellantis is positioning itself as a major EV player in the U.S. automotive landscape.
Baburajan Kizhakedath