Stellantis Picks Second Plant To Produce EVs Under STLA Large platform - This Time In Italy - Stellantis (NYSE:STLA)

Stellantis NV STLA said its Cassino Assembly Plant in Italy would produce vehicles based on the flexible, BEV-centric STLA Large platform.
Cassino plant in Italy produces premium vehicles for Alfa Romeo and Maserati brands.
Cassino is the second Stellantis plant publicly named to produce vehicles based on the STLA Large platform, joining the Windsor Assembly Plant in Canada.
Opened in 1972, the Cassino Assembly Plant in Piedimonte San Germano, south central Italy, uses more than 1,200 robots and includes stamping, plating, painting and plastic parts operations.
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Stellantis is investing more than €30 billion through 2025 in electrification and software to deliver BEVs.
The STLA Large platform, the base for several upcoming vehicles from Stellantis brands, is designed to deliver up to 800 km/500 miles of electric range with Stellantis-designed electric drive modules (EDMs) and modular battery packs.
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Price Action: STLA shares are trading lower by 1.70% at $18.20 on the last check Thursday.
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