“Just under one year ago, we committed to an aggressive electrification strategy anchored by five gigafactories between Europe and North America … today’s announcement further solidifies our global battery production footprint and demonstrates Stellantis’ drive toward a decarbonized future as outlined in Dare Forward 2030,” said CEO Carlos Tavares.
The company is investing heavily in battery plants. Plans are afoot for another lithium-ion battery facility in Canada and, like the aforementioned facility, the Ontario-based factory will produce packs destined for North American market cars. Production is expected to kick off in 2024, a year before the American factory.
Currently, models such as the Jeep Grand Cherokee 4xe show the direction in which Stellantis is heading. Despite the sizeable exterior and impressive performance, the 5,325-lbs SUV can achieve 23 mpg on the combined cycle. For the American market, at least, this is only the beginning – we’ve already seen what a fully-electric Jeep could look like.
