Stellantis Invests $155mn in Indiana Plants to Support North American Electrification Goals

Stellantis will invest a total of $155 million in three plants in Indiana to produce new electric drive modules (EDM) that will help power future electric vehicles (EVs) assembled in North America. Investments will be made at the Indiana Transmission, Kokomo Transmission and Kokomo Casting Plants.

Offering an all-in-one solution for EV powertrains, the EDM consists of three main components – the electric motor, power electronics and transmission – that are combined into a single module to deliver improved performance and range at a competitive cost.

The optimised efficiency of the new EDM will help each platform achieve driving range up to 500 miles (800 km).

With more than 25 battery electric vehicle (BEV) launches planned in the US between now and 2030, the Indiana-built EDM will be integrated into vehicles designed on the STLA Large and STLA Frame platforms. 

Carlos Tavares, Stellantis CEO, says: “While we continue our successful transition to a decarbonized future in our European operations, we are now setting those same foundational elements for the North American market. By combining the benefits of the EDM with our new BEV-centric platforms and innovative battery technologies, we will offer our customers a variety of electric vehicles with unparalleled performance and range at more affordable prices. And with our in-house manufacturing capabilities and expertise, we will do it with greater flexibility and efficiency.”

“With more than 7,000 employees in Indiana, these investments will leverage the core manufacturing competencies of the local workforce in the areas of casting, machining and assembly, all of which will be needed even as the market transitions to an electrified future,” adds Mark Stewart, Stellantis North America COO. “The city of Kokomo and the state of Indiana have been great partners for many years. This community will continue to play a central role in our efforts to provide safe, clean and affordable mobility solutions for our customers long into the future.”

Stellantis’ long-term strategy to reach 50% US battery electric vehicle sales by 2030, starting with the first fully electric Ram vehicles from 2023 and Jeep from 2024.