EVs take a backseat in Stellantis’ $13B U.S. investment plan

Stellantis, the global automaker behind Chrysler, Jeep, and Ram, announced a $13 billion investment plan to enhance its U.S. manufacturing capabilities over the next four years. This initiative includes developing and producing five new vehicles by 2029 across factories in Illinois, Ohio, Michigan, and Indiana. Key elements of the plan are reopening the Belvidere Assembly Plant in Illinois to expand Jeep Cherokee and Compass production, creating over 5,000 jobs, and introducing a new four-cylinder engine (GMET4 EVO) set for production in 2026. Notably, the investment emphasizes traditional gasoline-powered vehicles, including a large SUV and a midsize truck, alongside only one electrified model—a range-extended EV combining a battery with a gas generator, slated for production in 2028 at the Warren Truck Assembly Plant in Michigan. This investment marks a strategic shift for Stellantis, as it scales back its electrification efforts in the U.S. market. Recent decisions include dropping plans