Stellantis plans to produce dozens of electric models in the coming decade, but its CEO Carlos Tavares has said it could be five or six years before affordable battery EVs are created
The A$76 million ($52 million) investment would make Stellantis the company's second-largest investor with an 8% holding
Both companies said operations are expected to start in 2025, with an initial annual production capacity of 23 gigawatt hours, and the ability to increase to up to 40 GWh later
"We have been working for many years now on localisation, vertical integration in India, to enjoy the smart frugality of India," CEO Carlos Tavares said
The company, which made $500 million in Asia-Pacific, has stated a goal of improving its performance in China and the rest of the region
Boosting business in China, the world's biggest car market, is one area analysts want addressed by chief executive Carlos Tavares
(ATF) Stellantis, the automotive powerhouse formed from France’s PSA and the US-Italian Fiat Chrysler, has made the China...
Executives from the electric vehicle maker are said to have discussed the incentives on offer to them with Indian government officials
The new rules, set to come into force in July, have been described as “one of the most stringent emission standards around the world"
The move comes as New Delhi doubles down on PM Modi's "Make in India" campaign with Tesla only last year abandoning its India plans over tariffs
The JV, which started producing Acura cars in China six years ago, only sold 6,554 of them in the world’s biggest auto market in 2021, down 45% from 2020
The possible move by the French carmaker points to the growing perception of the auto market in India, which posted the fastest growth of any major market in 2022