🧵 1. Stellantis invests $111M in Hungary facility to boost electric drive module production and expand its EV lineup. #finance
🧵 1. Stellantis invests $111M in Hungary facility to boost electric drive module production and expand its EV lineup. #finance
🧵 2. The investment marks Stellantis' third EDM manufacturing facility, aiming to meet electrification goals and increase capacity.
🧵 3. The Szentgotthard plant in Hungary will undergo expansion, including component machining and final assembly and testing of 3-in-1 EDMs.
🧵 4. EDM production is set to start by late 2026, helping Stellantis attain its 100% sales from battery EVs target in Europe by 2030.
🧵 Read more at: https://finance.yahoo.com/news/stellantis-invest-111-million-hungary-201804005.html