Stellantis will be providing lots of new electric vehicles to America soon. Their Dare Forward 2030 campaign will have the company achieve net-zero carbon by 2038. In order to do either of these things, they’ll need to make necessary improvements to their current production facilities, fitting them with the necessary tools to produce electric vehicle components. This year, Stellantis announced it would invest $155 million in three Indiana based plants to support their North American electrification plans, hot off the heels of two pivotal vehicle debuts: the Ram 1500 REV electric truck, and the all-electric Dodge Charger SRT Banshee muscle car.
The company plans to provide U.S. based vehicles with an Electronic Drive Module (EDM) that will ultimately serve as the power plant for their future electrified vehicles utilizing the STLA Large and STLA Frame platforms. The updates will come to three pre-existing Stellantis plants namely; Indiana Transmission, Kokomo Transmission and the Kokomo Casting plants. The EDM is said to offer an all in one product for electric vehicles and consists of three main components, an electric motor, power electronics, and a transmission that will offer a maximum range of 500 miles in stock form.
The investment and re-tooling will help in more ways than one. First, it will help retain over 250 jobs at the local level. It will also help Stellantis reach its 50% battery-electric sales in the U.S. by 2030 which it has already begun doing with its Ram and Jeep products coming 2023 and 2024 respectively. This isn’t the first time Stellantis has invested in its North American plants. Late last year they announced pouring $99 million into the same three plants for hybrid electric vehicle making. That announcement came just before the official reveal of both the Dodge Hornet and Charger SRT Daytona Banshee EV that were revealed during speed week in August. Those investments were meant to assist in the production of the Hornet R/T. Needless to say, there most recent investments will allow for new additions to the all-electric portfolio.