The strategic purpose of the investments is to gain greater control over the global electrification value chain through vertical integration.
Automaker Stellantis is adapting two key factories in the east of France to focus on electric motor and hybrid vehicle gearbox production with €150m ($152.4m) invested for this purpose to date.
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Stellantis warns UK production may halt unless the government boosts EV demand, citing stringent regulations and market challenges.
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