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<blockquote data-quote="Weather Man" data-source="post: 16767636" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3830423-stellantis-adds-to-huge-electrification-investment-in-canada?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Stellantis adds to huge electrification investment in Canada</a></h3><p><a href="https://seekingalpha.com/symbol/STLA?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">STLA +0.22%</a>Now!</p><ul> <li data-xf-list-type="ul">Stellantis N.V. (NYSE:<a href="https://seekingalpha.com/symbol/STLA" target="_blank">STLA</a> +0.2%) said it will invest <a href="https://seekingalpha.com/pr/18773519-stellantis-pours-billions-canada-electric" target="_blank">$2.8B</a> to upgrade two Canadian assembly plants and expand a research center as it accelerates its long-term electrification strategy.</li> <li data-xf-list-type="ul">The development follows closely on the announcement of a joint venture with LG Energy Solutions for a battery plant.</li> <li data-xf-list-type="ul">The automaker said the investments re-affirm its long-term commitment to Canada and represents an important step in moving toward producing zero-emission vehicles.</li> <li data-xf-list-type="ul">Looking down the road, Stellantis (<a href="https://seekingalpha.com/symbol/STLA" target="_blank">STLA</a>) plans to sell five million electric vehicles by 2030, with 50% of its North American passenger-car and light-truck sales going fully electric by 2030. Stellantis (<a href="https://seekingalpha.com/symbol/STLA" target="_blank">STLA</a>) plans to be all-electric in Europe by 2030.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16767636, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3830423-stellantis-adds-to-huge-electrification-investment-in-canada?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Stellantis adds to huge electrification investment in Canada[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/STLA?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']STLA +0.22%[/URL]Now! [LIST] [*]Stellantis N.V. (NYSE:[URL='https://seekingalpha.com/symbol/STLA']STLA[/URL] +0.2%) said it will invest [URL='https://seekingalpha.com/pr/18773519-stellantis-pours-billions-canada-electric']$2.8B[/URL] to upgrade two Canadian assembly plants and expand a research center as it accelerates its long-term electrification strategy. [*]The development follows closely on the announcement of a joint venture with LG Energy Solutions for a battery plant. [*]The automaker said the investments re-affirm its long-term commitment to Canada and represents an important step in moving toward producing zero-emission vehicles. [*]Looking down the road, Stellantis ([URL='https://seekingalpha.com/symbol/STLA']STLA[/URL]) plans to sell five million electric vehicles by 2030, with 50% of its North American passenger-car and light-truck sales going fully electric by 2030. Stellantis ([URL='https://seekingalpha.com/symbol/STLA']STLA[/URL]) plans to be all-electric in Europe by 2030. [/LIST] [/QUOTE]
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