Stellantis Invests More than $406 Million in Three Michigan Facilities to Execute Multi-Energy Strategy
Stellantis (NYSE: STLA) has announced investments totaling over $406 million in three Michigan facilities to support its multi-energy strategy. The Sterling Heights Assembly Plant (SHAP) will receive $235.5 million to produce the company's first battery-electric Ram 1500 REV and the range-extended Ram 1500 Ramcharger alongside internal combustion engine models. $97.6 million will go to the Warren Truck Assembly Plant for production of a future electrified Jeep Wagoneer. The Dundee Engine Plant will get $73 million for battery tray assembly and beam machining for STLA Frame and STLA Large architectures.
These investments align with Stellantis' Dare Forward 2030 strategic plan, aiming for 50% BEV sales mix in the US by 2030. The company is investing over €50 billion in electrification this decade and targeting carbon net zero status by 2038.
Stellantis (NYSE: STLA) ha annunciato investimenti per un totale di oltre $406 milioni in tre stabilimenti del Michigan per sostenere la sua strategia multi-energia. Lo stabilimento di assemblaggio di Sterling Heights (SHAP) riceverà $235,5 milioni per produrre il primo Ram 1500 REV elettrico a batteria dell'azienda e il Ram 1500 Ramcharger con estensione di autonomia, insieme ai modelli con motore a combustione interna. $97,6 milioni saranno destinati allo stabilimento di assemblaggio di camion di Warren per la produzione di un futuro Jeep Wagoneer elettrificato. Lo stabilimento di motori di Dundee riceverà $73 milioni per l'assemblaggio dei vassoi delle batterie e la lavorazione delle travi per le architetture STLA Frame e STLA Large.
Questi investimenti sono in linea con il piano strategico Dare Forward 2030 di Stellantis, che punta a un mix di vendite del 50% di veicoli elettrici a batteria (BEV) negli Stati Uniti entro il 2030. L'azienda sta investendo oltre 50 miliardi di euro nell'elettrificazione di questo decennio e mira a raggiungere lo stato di carbonio netto zero entro il 2038.
Stellantis (NYSE: STLA) ha anunciado inversiones que superan los $406 millones en tres instalaciones en Michigan para apoyar su estrategia de múltiple energía. La Planta de Ensamblaje de Sterling Heights (SHAP) recibirá $235.5 millones para producir la primera Ram 1500 REV eléctrica a batería de la compañía y el Ram 1500 Ramcharger con extensión de rango, junto a modelos de motor de combustión interna. $97.6 millones se destinarán a la Planta de Ensamblaje de Camiones de Warren para la producción de un futuro Jeep Wagoneer electrificado. La Planta de Motores de Dundee recibirá $73 millones para la ensamblaje de bandejas de batería y la mecanización de vigas para las arquitecturas STLA Frame y STLA Large.
Estas inversiones están alineadas con el plan estratégico Dare Forward 2030 de Stellantis, que tiene como objetivo un mix de ventas del 50% de vehículos eléctricos de batería (BEV) en EE. UU. para 2030. La empresa está invirtiendo más de 50 mil millones de euros en electrificación en esta década y busca alcanzar un estatus de carbono neto cero para 2038.
스텔란티스(Stellantis, NYSE: STLA)는 다중 에너지 전략을 지원하기 위해 미시간의 세 개 시설에 대해 총 $406백만 달러를 투자한다고 발표했습니다. 스털링 하이츠 조립 공장(SHAP)은 $235.5백만 달러를 받아 회사의 첫 번째 배터리 전기형 램 1500 REV와 범위 확장형 램 1500 램차저를 내연기관 모델과 함께 생산할 예정입니다. $97.6백만 달러는 향후 전기화된 지프 왜고니어 생산을 위해 워렌 트럭 조립 공장에 사용될 것입니다. 던디 엔진 공장은 STLA 프레임 및 STLA 라지 아키텍처를 위한 배터리 트레이 조립 및 빔 가공을 위해 $73백만 달러를 받을 것입니다.
이러한 투자는 스텔란티스의 다르 포워드 2030 전략 계획과 일치하며 2030년까지 미국에서 BEV 판매 비율의 50%를 목표로 하고 있습니다. 회사는 이번 10년 동안 전기화에 500억 유로 이상을 투자하며, 2038년까지 탄소 넷 제로 상태를 목표로 하고 있습니다.
Stellantis (NYSE: STLA) a annoncé des investissements totalisant plus de $406 millions dans trois installations du Michigan pour soutenir sa stratégie énergétique multiple. L'usine d'assemblage de Sterling Heights (SHAP) recevra $235,5 millions pour produire le premier Ram 1500 REV électrique à batterie de la société et le Ram 1500 Ramcharger avec prolongation d'autonomie, en plus des modèles à moteur à combustion interne. $97,6 millions iront à l'usine d'assemblage de camions de Warren pour la production d'un futur Jeep Wagoneer électrisé. L'usine de moteurs de Dundee recevra $73 millions pour l'assemblage des plateaux de batteries et le fraisage des poutres pour les architectures STLA Frame et STLA Large.
Ces investissements s'inscrivent dans le cadre du plan stratégique Dare Forward 2030 de Stellantis, visant un mix de ventes de 50 % de véhicules électriques à batterie (BEV) aux États-Unis d'ici 2030. L'entreprise investit plus de 50 milliards d'euros dans l'électrification au cours de cette décennie et vise un statut de zéro carbone net d'ici 2038.
Stellantis (NYSE: STLA) hat Investitionen von über $406 Millionen in drei Einrichtungen in Michigan angekündigt, um seine Multi-Energie-Strategie zu unterstützen. Das Montagewerk in Sterling Heights (SHAP) wird $235,5 Millionen erhalten, um den ersten batterieelektrischen Ram 1500 REV und den Reichweitenverlängerer Ram 1500 Ramcharger zusammen mit Modellen mit Verbrennungsmotor zu produzieren. $97,6 Millionen gehen an das Warren Truck Assembly Plant für die Produktion eines zukünftigen elektrifizierten Jeep Wagoneer. Das Dundee Engine Plant erhält $73 Millionen für die Montage von Batteriefächern und die Bearbeitung von Trägern für die STLA Frame und STLA Large Architekturen.
Diese Investitionen stimmen mit Stellantis' strategischem Plan Dare Forward 2030 überein, der darauf abzielt, bis 2030 einen BEV-Verkaufsanteil von 50 % in den USA zu erreichen. Das Unternehmen investiert in diesem Jahrzehnt über 50 Milliarden Euro in die Elektrifizierung und strebt bis 2038 einen CO2-neutralen Status an.
- Investment of $406 million in three Michigan facilities to support multi-energy strategy
- Sterling Heights Assembly Plant to produce first battery-electric Ram 1500 REV and range-extended Ram 1500 Ramcharger
- Warren Truck Assembly Plant to produce future electrified Jeep Wagoneer
- Dundee Engine Plant to assemble battery trays and machine beams for new EV architectures
- Aligns with Dare Forward 2030 plan, targeting 50% BEV sales mix in US by 2030
- None.
Stellantis'
The introduction of the Ram 1500 REV and Ramcharger models positions Stellantis competitively in the electric truck market. The Ramcharger's innovative range-extended technology could be a game-changer, addressing range anxiety concerns. However, the success of these models will depend on consumer acceptance and the pace of charging infrastructure development.
Stellantis' multi-energy strategy aligns with its Dare Forward 2030 plan, but achieving
Stellantis'
The ability to produce multiple powertrain types on a single line may lead to improved cost efficiencies and capacity utilization. However, investors should monitor the return on investment closely, as the transition to EVs often involves significant upfront costs and uncertain demand trajectories.
Stellantis' commitment to becoming carbon net zero by 2038 aligns with growing ESG concerns among investors. This could potentially improve the company's access to capital and appeal to environmentally conscious investors. However, the financial implications of this ambitious goal should be carefully evaluated against potential regulatory benefits and market positioning advantages.
Stellantis' investment in multi-energy vehicle production represents a pragmatic approach to the energy transition in the automotive sector. By maintaining flexibility in production, the company is hedging against uncertainties in the pace of EV adoption and potential policy shifts.
The introduction of range-extended electric vehicles like the Ram 1500 Ramcharger could serve as an important bridge technology, potentially accelerating the transition away from pure ICE vehicles while addressing range anxiety concerns. This strategy may help in meeting increasingly stringent emissions regulations in the short to medium term.
However, the long-term sustainability of this approach depends on the life-cycle emissions of these vehicles and the source of electricity for charging. Stellantis should focus on ensuring a clean energy supply chain to maximize the environmental benefits of its electrification strategy. The company's carbon neutrality goal by 2038 is ambitious and will require significant efforts beyond vehicle electrification.
Stellantis Invests More than
- Investments support Stellantis’ multi-energy technology and manufacturing flexibility to leverage its competitive advantages across a wide variety of electrification adoption scenarios
- Accelerated retooling of Sterling Heights Assembly Plant enables upcoming launches of Ram 1500 in battery electric and range-extended electric variants alongside internal combustion engine model
- Warren Truck Assembly Plant adds future electrified Jeep® Wagoneer models to internal combustion engine production portfolio
- Dundee Engine Plant investment supports battery tray production and beam machining to complement gas engine assembly
- Investments are aligned to the Company’s Dare Forward 2030 strategic plan
AMSTERDAM, September 11, 2024 – Stellantis today announced it is investing more than
The Ram 1500 REV, the Company’s first battery-electric light-duty pickup truck launching in late 2024, and the range-extended all-new 2025 Ram 1500 Ramcharger will be built alongside internal combustion engine (ICE) models in Sterling Heights. Additional investments will be made to retool the Warren Truck Assembly Plant for production of a future electrified Jeep® Wagoneer, and the Dundee Engine Plant for battery tray production and beam machining for the STLA Frame and STLA Large batteries.
“Sterling Heights Assembly has performed an incredible transformation in record time and I want to thank our colleagues for this great achievement,” said Stellantis CEO Carlos Tavares. “Gearing up to build our first-ever Ram electric truck and the range-extended version in Michigan is a meaningful moment of pride for our teams. 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.”
These investments will significantly contribute to Stellantis’ Dare Forward 2030 strategic plan to lead the way the world moves by delivering innovative, clean, safe and affordable mobility solutions. Stellantis’ multi-energy approach spans products, platforms, manufacturing and supply chain enabling the Company to adopt a wide variety of electrification adoption scenarios.
Sterling Heights Assembly Plant (SHAP)
With an investment of
As part of SHAP’s multi-energy industrialization strategy, the teams completed the BEV-specific installations during two planned down weeks, tapping into their ingenuity to finish the work ahead of schedule. Stellantis partnered with equipment suppliers and contractors to carefully plan and execute the installation of a new conveyor system, new automation for BEV-specific processes, and the retooling and rearrangement of workstations in general assembly to be able to produce ICE, BEV and range-extended models on the same assembly line.
The Ram 1500 REV is built on the new STLA Frame architecture, specifically designed for full-size electric vehicles featuring a body-on-frame design, with an all-new high-strength steel frame comprised of advanced materials to be lightweight, yet stiff and durable. The STLA Frame is wider in the middle to efficiently incorporate the battery pack while still utilizing protection afforded by the frame rails. The REV will reach up to 500 miles of range with the optional 229 kilowatt-hour battery pack and up to 350 miles with the 168 kilowatt-hour battery pack.
The 2025 Ram 1500 Ramcharger offers 663 horsepower, 615 lb.-ft of torque, 4-second 0-60 mph, 14,000 lbs. of towing and zero need for a public charger. It features a 92 kilowatt-hour (kWh) battery pack, paired with an on-board 130 kW generator, sending power to 250-kilowatt (kW) front and 238 kW rear electric drive modules (EDMs). Vehicle-to-vehicle and vehicle-to-home bi-directional charging affords the Ram 1500 Ramcharger the flexibility to charge another Stellantis battery-electric vehicle or provide power back to the grid.
Warren Truck Assembly Plant (WTAP)
Approximately
Dundee Engine Plant (DEP)
With an investment of more than
The new components will be built alongside the GME-T4 EVO, launching later this year, and the new 1.6-liter, I-4 turbocharged engine with direct fuel injection and flexibility for hybrid-electric vehicle (HEV) applications that will launch in 2025.
Dare Forward 2030
Stellantis is investing more than
# # #
About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders. For more information, visit www.stellantis.com.
 | @Stellantis |  | Stellantis |  | Stellantis |  | Stellantis |
| For more information, contact: Fernão SILVEIRA +31 6 43 25 43 41 – fernao.silveira@stellantis.com Shawn MORGAN +1 248 760 2621 – shawn.morgan@stellantis.com communications@stellantis.com www.stellantis.com | |||||||
Attachment
FAQ
How much is Stellantis investing in its Michigan facilities?
Which Stellantis facility will produce the Ram 1500 REV electric truck?
What is the investment amount for the Sterling Heights Assembly Plant (SHAP)?
When will Stellantis launch the Ram 1500 REV electric truck?
What is Stellantis' BEV sales target for the US market by 2030?
