Stellantis, the world's fourth-largest automaker, announced on Tuesday that it will invest 160 million euros ($170 million) to launch an electric SUV in 2025. The new SUV will be built at Stellantis' Tychy plant in Poland and will be based on the company's new STLA Small platform.
The announcement comes as Stellantis is ramping up its efforts to electrify its lineup. The company plans to invest 30 billion euros in electrification by 2025 and has pledged to sell 50% electrified vehicles in Europe and 40% in the United States by 2030.
The new electric SUV will be one of several new electric vehicles that Stellantis plans to launch in the coming years. The company also plans to launch an electric Ram pickup truck in 2024 and an electric Chrysler Airflow in 2025.
Stellantis' investment in the new electric SUV is a sign of the company's commitment to electrification. The company is facing increasing pressure from governments and consumers to reduce its emissions. The European Union has set a target of reducing emissions by 37.5% by 2030, and the United States has set a target of reducing emissions by 50% by 2030.
Stellantis' investment in the new electric SUV is also a sign of the company's confidence in the future of electric vehicles. The global market for electric vehicles is expected to grow rapidly in the coming years. The International Energy Agency (IEA) predicts that electric vehicle sales will reach 12 million units by 2025 and 30 million units by 2030.
The launch of the new electric SUV will be a major milestone for Stellantis. The company is hoping to capitalize on the growing demand for electric vehicles and become a leader in the global electric vehicle market.
Analysis
The announcement of Stellantis' investment in the new electric SUV is a positive development for the company and for the global electric vehicle market. The investment shows that Stellantis is committed to electrification and that it believes in the future of electric vehicles. The launch of the new SUV will help Stellantis to meet the growing demand for electric vehicles and to become a leader in the global electric vehicle market.
The investment is also a sign of the growing momentum behind the electric vehicle market. The global market for electric vehicles is expected to grow rapidly in the coming years, and Stellantis' investment is a sign that other automakers are also seeing the potential of the market. The launch of the new SUV will help to further accelerate the growth of the electric vehicle market and will make electric vehicles more accessible to consumers around the world.
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