Stellantis will invest $111.02 million into its production plant in Szentgotthard, Hungary to boost its electric drive module production capacity.
The module is an integrated motor, gearbox, and power electronic unit.
This marks the third investment for electric drive modules, after their Tremery-Metz, France and Kokomo, Indiana announcements.
Additionally, Stellantis is increasing 2024 production of next-generation electrified dual-clutch transmissions (eDCTs) for hybrid and plug-in hybrid vehicles at its facility in Mirafiori Complex, Italy.
The Netherlands-based company expects the expansion to bring it closer to its electrification goals of 100% sales from battery EVs in Europe by 2030. It is investing $50 billion in electrification efforts over the next decade.
The expansion at the Szentgotthard plant, which currently builds internal combustion engines for Stellantis vehicles, will include machining key components and final assembly and testing of 3-in-1 EDMs.
EDM production at the plant is expected to begin in late 2026.
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