Stellantis explains how the R$30 billion in investments in Brazil will be applied | Cars

“The value chain should have more than 100 suppliers installed in Pernambuco, developing and producing components and solutions for hybrid and electric propulsion, decarbonizing mobility and generating new jobs in the region”, informed the automaker.

Opened in 2015, the company’s automotive hub is responsible for the production of four of its main models: Jeep Renegade, Jeep Compass, Jeep Commander and Fiat Toro. The location also focuses on the development of new technologies — which are now added to “innovation efforts in hybridization and electrification”.

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The main destination of the R$30 billion announced by Stellantis — the largest amount ever announced by a single automaker in the country — will be the development of bio-hybrid technology, a model that combines electrification with flex-fuel engines powered by ethanol.

Between 2025 and 2030, the forecast is that:

• 4 new platforms (bio-hybrid);
• 40 new vehicle models;
• 8 powertrains (vehicle powertrain).

According to Carlos Tavares, executive director of Stellantis, the company targets mainly middle-class Brazilian customers, its main consumer audience.

The automaker also projects, in total, 10 new vehicles in 2024. In addition to the already launched Fiat Titano and Jeep Compass and Commander with Hurricane engines, the company will have:

• O Citröen Basaltwhose launch has already been announced;
• O New Peugeot 2008released this week;
• It is five other models which will be announced throughout the year.

In addition to the R$30 billion in investments in Brazil, Stellantis informed that it will allocate R$2 billion to Argentina by 2030.

Among the news, the automaker also announced the start of production of the New Peugeot 2008 in El Palomar, Argentina. This will be the first SUV vehicle manufactured by Stellantis in the country.

According to the company, more than US$270 million (R$1.3 billion) will be invested to produce the new model, which will add to the US$320 million (R$1.6 billion) already invested in the industrial transformation of El Palomar and the implementation of the modular CMP platform — the basis for the production of compact models.