Stellantis to Build New Peugeot EVs at Mulhouse Plant
Stellantis will invest 400 million euros to produce three new Peugeot models at its Mulhouse factory from 2029. The move is part of a wider R&D push in France.
Stellantis will invest €900 million ($1.05B) to produce three new electric and hybrid Peugeot models at its Mulhouse plant in France. The move contributes to a broader €1 billion ($1.165B) commitment to French manufacturing recently announced by the government. This investment targets cost parity with manufacturers from China as European automakers face intensifying regional competition.
### Scaling the STLA One Platform The investment includes €400 million for the Mulhouse site and €500 million for research and development. Most R&D funds will support the STLA One platform, a new architecture designed to underpin a global range of electrified vehicles. Stellantis CEO Antonio Filosa told reporters at the Mulhouse site on Tuesday that the platform will be 20% more competitive than current architectures.
