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Stellantis invests €1 billion in Mulhouse plant for new EV by 2029
Stellantis commits €1 billion to revive its Mulhouse factory with a new electric model launching in 2029, securing 4,000 jobs.
Per: caradisiac
Relief for French plant workforce
The 4,000 employees at Stellantis' Mulhouse facility in eastern France can take a breath of relief. The automotive group has officially announced a €1 billion investment to restart the site after years of uncertainty. Announced during France's electrification conference, this marks a major confidence boost for a plant that has faced mounting pressures.
European factories play second fiddle
This investment sits within Stellantis' ambitious "FaSTLane" strategy, backed by $60 billion for 60 new models and 50 facelifts by 2031. However, Europe isn't the priority: CEO Antonio Filosa expects stronger growth and margins in North America. Mulhouse received an exception largely due to French political support and the nation's drive to accelerate EV production capacity.
Current production struggling
The plant currently manufactures the Peugeot 308 and 408—two models that have failed to achieve expected sales targets. Production runs at just 135,000 vehicles annually, far below the pre-pandemic capacity of 200,000 units. These figures underscore the urgency of introducing new products.
New electric model on STLA One platform
The replacement vehicle will arrive at Mulhouse by 2029 and will be fully electric. Technical details remain under wraps, but the group confirms it will use the upcoming STLA One platform. This modular architecture covers B, C, and D segments with multi-energy options (hybrid and electric), giving Stellantis operational flexibility in an evolving regulatory landscape.
Charging infrastructure expansion
The investment parallels France's broader EV strategy: a new social leasing program and rollout of 240,000 charging stations by 2030. President Macron praised the decision as offering "real industrial future" to Mulhouse and French competitiveness in electrified vehicles.
What comes next
Stellantis remains tight-lipped on specifics. The group mentions "consultation with stakeholders, particularly social partners, on the factory's future" but promises "official announcements" later. The challenge is clear: revitalize Mulhouse without sacrificing other European sites while meeting its global strategy's ambitious timelines.
Source: caradisiac
