In order to meet its ambitious output goals, Stellantis (STLAM.MI) CEO Carlos Tavares has revealed that the automotive giant will require not just one, but potentially two large-scale electric vehicle (EV) battery factories in the United States. Tavares made this announcement during the inauguration of a gigafactory in northern France, emphasizing the need for further facilities akin to those already planned for North America.
The decision to pursue additional factories in the United States stems from the favorable investment conditions created by the U.S. Inflation Reduction Act. Tavares expressed his appreciation for the conducive environment that has been established, highlighting the potential for substantial growth in the region.
Stellantis, renowned for its popular brands such as Fiat and Peugeot, has set its sights on a formidable global battery production capacity equivalent to 400 gigawatt-hours (GWh) by 2030. As part of this strategy, the company has already unveiled plans for a battery plant in Canada and another in the state of Indiana, while boasting three gigafactories across Europe with a combined capacity of 120 GWh.
With an unwavering commitment to sustainable mobility, Stellantis is taking bold steps towards solidifying its position in the EV market. By expanding its presence in the United States through the establishment of additional battery factories, the company is poised to propel its production capabilities and fulfill its ambitious targets. As the world moves steadily towards a greener future, Stellantis is firmly positioning itself at the forefront of the electric revolution.
