Stellantis Considering Spain To Assemble Electric Cars: Report

Stellantis NV STLA is reportedly holding talks with the government of Spain to explore the possibility of producing small electric vehicles.
The automaker is discussing the conditions of state aid for the project, reported Reuters.
Stellantis has plants in Madrid, Vigo, and Zaragoza where it assembles Opel, Citroen, and Peugeot cars.
Last week Stellantis said its Cassino Assembly Plant in Italy would produce vehicles based on the flexible, BEV-centric STLA Large platform.
Stellantis is investing more than €30 billion through 2025 in electrification and software to deliver BEVs.
The company reported an 18% increase in FY22 revenue and a 26% jump in net profit.
Price Action: STLA shares are trading lower by 2.05% at $17.24 in premarket on the last check Monday.
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