Fiat Chrysler (FCA) is investing €50m ($56m) to build a battery assembly complex at its Mirafiori plant in Turin next year. 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. The company said it would invest the money into new production capacity and research for electric vehicles as part of an effort to meet EU emissions standards by 2040. The new releases include a fully electric version of its 500 model, Maserati’s first electric cars, and hybrid versions of Jeep’s Compass and Renegade. The investment comes as part of an FCA 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.
Fiat Chrysler (FCA) is investing €50m ($56m) to build a battery assembly complex at its Mirafiori plant in Turin next year. The company said it would invest the money into new production capacity and research for electric vehicles as part of an effort to meet EU emissions standards by 2040. The new releases include a fully electric version of its 500 model, Maserati’s first electric cars, and hybrid versions of Jeep’s Compass and Renegade. The investment comes as part of an FCA 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.