Stellantis will spend $2.8 billion (CAD $3.6 billion) to increase production of electric vehicles at two of its Canadian plants, the company said on Monday. The funding is a portion of the $35.5 billion Stellantis dedicated to electric vehicles and new software over the next year in its push to move away from internal combustion engines and be carbon net zero by 2038.
Stellantis North America chief operating officer Mark Stewart, alongside Canadian Prime Minister Justin Trudeau, announced the overhaul of the Windsor and Brampton, Ontario facilities during an event at the automaker’s Automotive Research and Development Center in Windsor.
About a third of the fresh funds will come from the Canadian government and the Ontario government, which plan to invest up to $410.7 million (CAD $5 …
