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Paris: Automotive giant Stellantis, the parent company of Jeep and Fiat, will invest more than €1 billion to expand electric vehicle (EV) production at its Mulhouse plant in eastern France, French President Emmanuel Macron announced on Tuesday.
The statement was made during a meeting at the Élysée Palace with France’s so-called “electrification team,” where Macron urged industry leaders to accelerate the shift toward electric mobility as France advances its goal of phasing out fossil fuels by 2050.
According to Macron, the investment will support the production of new-generation electric vehicles at the Mulhouse facility beginning in 2029.
“Stellantis in Mulhouse is set to invest over a billion euros in new funding to produce new generations of electric vehicles from 2029 onward,” the president said.
However, Stellantis has not officially confirmed the figure, stating only that it is working on the future of its factories, including the Mulhouse site, and will provide further details when formal announcements are made.
The automaker recently unveiled a broader €60 billion investment strategy aimed at improving profitability and launching more than 60 new vehicle models by 2030. The Mulhouse plant, one of Stellantis’s five manufacturing sites in France and employing around 4,000 workers, has yet to be assigned a new production model.
Production at the facility has reportedly remained below pre-pandemic levels, with output averaging around 135,000 vehicles annually compared to 200,000 before COVID-19. The plant has also faced periodic slowdowns and temporary furloughs due to weaker demand and uncertainty over future vehicle allocation.
France is currently intensifying efforts to transition away from fossil fuels through a national electrification roadmap. Under the plan, two-thirds of new cars sold in the country are expected to be electric by 2030, with domestic manufacturers tasked with producing up to one million EVs annually by the same year.
The potential investment is seen as a significant boost for the Mulhouse site and a signal of confidence in France’s long-term electric mobility strategy, though final confirmation from Stellantis is still awaited.
