Stellantis, the global automotive company formed by the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, has announced its plans to invest €95 million (approximately $111 million) in its facility in Hungary. The investment aims to transform the factory into a production hub for electric drive modules, amid the growing demand for electrified vehicles.
The Hungarian facility, located in the city of Esztergom, currently produces engines and transmissions for traditional gasoline and diesel-powered vehicles. However, with the global shift towards electric mobility, Stellantis is adapting its operations to stay ahead in the rapidly evolving automotive industry.
