Three Stellantis plants in Kokomo (Indiana), USA, will be strengthened with an additional $155 million investment to produce new integrated electric drive modules (EDMs). EDMs bring a new era in electromobility by combining the electric motor and its supporting systems in a single module for even greater performance and efficiency. The new investment will support the Group's plan that aims for 50% of its North American sales to consist of all-electric vehicles by 2030. Specifically in this plan the Jeep® aims to be the largest zero-emission SUV brand by 2030. The recent unveiling of the electric Jeep Reckon and Wagoneer S prototypes set the tone for the American brand's momentum in the new era of motoring, where already with the innovative 4xe system and the legendary Wrangler it offers the most popular Plug-in Hybrid model in North America.
By 2030, more than 25 all-electric vehicles (BEVs) will be launched in the U.S., some of which will be based on the STLA Large and STLA Frame platforms, which will be powered by EDM units manufactured at the Kokomo facility. The EDM module consists of three main components that are combined into a single unit: the electric motor, the electronic control systems and the transmission. The result of the new design approach is higher performance and efficiency through both the smaller volume and weight of the whole. Thanks also to the EDM module, the two Stellantis platforms will offer a range of up to 500 miles (800km).
"While we are successfully continuing our transition to our 'zero-emission' future in Europe, we are now laying the same strong foundation in the North Sea market. America.", said Carlos Tavares, CEO of Stellantis. "Combining the benefits of EDM with our new all-electric platforms and innovative battery technologies, we will offer unrivalled levels of performance and autonomy at affordable prices. By having our own production plants we will do so with greater flexibility and efficiency."
New investments in the Kokomo units are expected to start in the third quarter of 2024. With more than 7,000 employees, these plants are pivotal to Stellantis' electrified future in North America. Since 2020, the Group has made investments of nearly $3.3 billion in the facilities there, including $643 million to produce a new engine for Plug-in Hybrid models, a new 8-speed automatic transmission and a battery gigafactory in partnership with Samsung SDI.
All investments are made within the framework of the Dare Forward 2030 strategic plan, which includes the ambitious goal of Stellantis to achieve carbon neutrality by 2038.
