FILE PHOTO: A Mirafiori FCA worker walks at the Mirafiori industrial complex on the 80th birthday of the plant in Turin, Italy July 11, 2019. REUTERS/Massimo Pinca MILAN (Reuters) - Fiat Chrysler (FCHA.MI) will build a new battery assembly complex in its Mirafiori plant in Turin, with an initial investment of 50 million euros ($56 million), the carmaker said on Tuesday. Batteries produced in the new complex will be used by the new generation of full electric models that the company is planning to roll out, Fiat Chrysler (FCA) said in a statement. The investment is part of a plan announced by FCA last year to spend 5 billion euros in Italy between 2019-2021 to help the group to launch its first electric and hybrid models and to fill capacity utilization at its Italian plants. Work on the new battery hub will start early next year, FCA said. Between 2020 and 2021 FCA is scheduled to launch a full electric version of its small 500 car, Maserati’s first hybrid and electric models, hybrid models of Jeep’s Compass and Renegade and a light hybrid version of its Panda small car. Reporting by Giulio Piovaccari. Editing by Jane Merriman
Fiat Chrysler ( Fiat ) is investing € ##500 m ( $ 56 m ) to build a battery assembly plant at its Mirafiori plant in Turin next year . Batteries produced in the facility will be used in the carmaker ’s new generation of electric cars . The new releases include a fully electric version of its flagship model , Maserati ’s first electric cars , and hybrid versions of Jeep ’s Compass and Ranger . The investment comes as part of an overall plan to spend € 5bn in Italy between 2019 and 2021 to help launch these electric and hybrid models , and to use the full capacity of its plants .