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Tuesday, February 28, 2023

Stellantis to Invest $155M in 3 Indiana EV Plants

Stellantis revealed its plans to produce new electric drive modules (EDMs) at three Kokomo, Indiana, plants on Tuesday to boost production of its Jeep and Ram EVs and support its overall goal of 50% BEV sales in the US by 2030.

The automaker is investing $155 million to produce the new EDMs, which Stellantis says will improve performance and range at a competitive cost.

The EDM offers an all-in-one solution for the automaker’s electric powertrains, consisting of the electric motor, power electronics, and transmission.