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Tavares: Stellantis Will Need Two Additional U.S. EV Battery Plants To Reach Output Targets

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Filed under Automotive, EV News, News

According to Reuters, Stellantis CEO Carlos Tavares stated that the company would require one or possibly two additional large factories dedicated to electric vehicle (EV) batteries in the United States in order to meet its production targets. Tavares made these comments during the inauguration of a gigafactory in northern France, where he also mentioned the necessity for similar plants in North America. Stellantis, the Franco-Italian automaker known for brands such as Fiat and Peugeot, has already revealed plans for two sites in North America.

Tavares emphasized the favorable investment conditions in the United States, attributing them to the U.S. Inflation Reduction Act. This legislation has provided a conducive environment for Stellantis to expand its operations and pursue its ambitious goals in battery production.

By 2030, Stellantis aims to achieve a global battery production capacity equivalent to 400 gigawatt-hours (GWh). To work towards this objective, the company has already disclosed plans for a facility in Canada and another in the state of Indiana in the United States. Furthermore, Stellantis currently operates three gigafactories in Europe with a collective capacity of 120 GWh.

In summary, Stellantis CEO Carlos Tavares has indicated the necessity for one or two additional EV battery factories in the United States to meet the company’s production targets. Tavares praised the investment conditions in the country, influenced by the U.S. Inflation Reduction Act. Stellantis aims to achieve a battery production capacity of 400 GWh by 2030, with existing plans for factories in Canada, the United States, and three European gigafactories.

Source: Reuters


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