The investment will be used to modernize existing facilities and expand production capacity. The company plans to increase its production of electric vehicles (EVs) by 50% in the next three years. Stellantis is also investing in battery technology and charging infrastructure. This includes building a new battery cell production facility in Kokomo, Indiana, and expanding its existing battery cell production facility in Warren, Michigan. The company’s multi-energy strategy aims to reduce its carbon footprint and achieve net-zero emissions by 2050.

* Stellantis is investing $235.5 million in a new plant to produce its first battery electric light-duty truck, the 2025 Ram 1500 REV. * The plant will be located in the United States and will produce both the 2025 Ram 1500 REV and a range-extended version of the Ram 1500. * The 2025 Ram 1500 REV is expected to launch in late 2024.

The Ramcharger’s powertrain is a hybrid system, combining a 5.7-liter V8 gasoline engine with an electric motor. This system delivers a combined output of 663 horsepower and 615 lb.-ft of torque. The electric motor provides instant torque, while the gasoline engine delivers high-end power. The system is designed to optimize fuel efficiency and performance. The Ramcharger’s electric drive modules (EDMs) are responsible for powering the vehicle’s electric motors. These modules are designed to be highly efficient and durable.

The company is developing new components for its next-generation electric vehicle platform, which will be launched in 2024. These components include a new 1.6-liter, I-4 turbocharged engine with direct fuel injection and flexibility for hybrid-electric vehicle (HEV) applications. **Detailed Text:**

The company’s commitment to innovation and its vision for a future of sustainable transportation is evident in its development of new components for its next-generation electric vehicle platform.