Stellantis to Invest €1 Billion in France for EV and Hybrid Models

Stellantis NV (STLA) will invest €1 billion ($1.09 billion) in its French manufacturing operations to produce new electric and hybrid vehicles, the automaker said Tuesday. The move intensifies the company's electrification push as European carmakers confront mounting competition from lower-cost Chinese rivals and stricter emissions regulations. The investment, announced on June 2, 2026, will fund retooling and model launches at French plants, though specific vehicle details were not disclosed. The spending aligns with Stellantis' broader strategy to expand its electrified lineup across its 14 brands, including Peugeot, Citroën and Jeep, while defending its European market share against Chinese entrants like BYD that are rapidly gaining traction with affordable EV models.