Stellantis Invests €130M In German Plan For Opel Grandland EV Successor - Stellantis (NYSE:STLA)

Stellantis NV STLA plans to invest over €130 million in the Eisenach Assembly Plant in Germany.
The plant produces Opel Grandland compact SUV, and the investment will add production of the BEV successor vehicle that will be built on the all-new STLA Medium platform.
Opened in September 1992 with production of the Opel Astra, the Eisenach Assembly Plant is in the state of Thuringia, central Germany.
The company noted that adding a BEV to Eisenach's output supports Opel's commitment to a fully electric product lineup by 2028 in Europe.
The Opel Grandland currently produced at Eisenach also includes plug-in hybrid variants.
Production of the new BEV is scheduled to begin in the second half of 2024.
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"With this allocation of Stellantis' new fully BEV platform, STLA Medium, Eisenach plant's highly skilled workforce will continue to improve the cost and the quality of the vehicles they produce to delight our customers," said Arnaud Deboeuf, Stellantis Chief Manufacturing Officer.
Stellantis is investing more than €30 billion through 2025 in electrification and software to deliver BEVs that meet customer demands.
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Price Action: STLA shares are trading higher by 0.57% at $17.52 on the last check Wednesday.