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Corporate News

Stellantis to invest US$111mil in Hungary facility

The investment is Stellantis’ third in an EDM manufacturing facility after Tremery-Metz in France and Kokomo, Indiana in the United States. — Reuters

Budapest: Stellantis says it will invest €103mil at its Szentgotthard facility in Hungary to increase production capacity of electric drive modules (EDM) that will help the automaker grow its electric-vehicle (EV) portfolio.

The investment is Stellantis’ third in an EDM manufacturing facility after Tremery-Metz in France and Kokomo, Indiana in the United States.

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Stellantis , EVInvestment , ElectricVehicles , Szentgotthard , SustainableMobility , ElectrificationGoals , ManufacturingExpansion , Hungary

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