This is a record investment plan Stellantis planned for the region South America between 2025 and 2030with the total amount 5.6 billion eurosor 30 billion Brazilian reals: this is the largest investment in the history of the automotive sector in Brazil and South America.
40 new products by 2030 in South America
This huge investment will support launching more than 40 new products by 2030to create new commercial opportunities as well development of new technologies : Bio-Hybrid, decarbonizing the automotive supply chain…
“This announcement reinforces our confidence and our commitment to the future of the South American automotive industry, and is a response to the favorable commercial context that prevails there.”said Carlos Tavares, CEO of Stellantis: “As a key part of our ‘third engine’ growth strategy, South America will play a key role in accelerating the decarbonisation of the mobility sector together with our staff, logistics network and our partners. »
In addition to Europe and North America, South America is actually part of it the “third engine” of growth of Stellantis turnover, which includes South America, the Middle East and Africa, China, India and the Asia-Pacific region.
Stellantis: Advanced Biohybrid Technologies
In this market, Stellantis will develop new engine technologies. there innovative Bio-Hybrid technology developed by Stellantis in Betim, Brazil: it combines electrification and hybrid engines running on biofuel (ethanol).
This technology also includes electrified bio-hybrid dual-clutch transmissions (e-DCT), plug-in bio-hybrid models, and 100% electric vehicles. The launch of new hybrid technologies in this market is planned by the end of 2024.
In the future a new battery electric car will also be produced in South America, and new hybrid and electric technologies will strengthen Brazilian engineering and local industry.
In South America, Stellantis is the leader in three main markets Brazil, Argentina and Chile. In 2023, the group sold more than 878,000 vehicles in the region, with market share 23.5%.
Fiat is the best-selling brand in Brazil and South America, with the Fiat Strada pick-up being the number one selling car.
Read also:
• The Stellantis group has been affected by several strike movements
• Stellantis breaks new profitability records
• Stellantis: 1 million compact vans produced
Source: Auto Plus
Robert is an experienced journalist who has been covering the automobile industry for over a decade. He has a deep understanding of the latest technologies and trends in the industry and is known for his thorough and in-depth reporting.