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Fiat Chrysler invested more than $ 200 million in electric vehicles

The Italian car company decided to spend a sum to upgrade the production lines and equipment for the factory in Poland to prepare for an electric vehicle project.

Fiat Chrysler (FCA) has invested $ 204 million in the Tychy plant, which will produce Jeep, Fiat and Alfa Romeo hybrid and electric models.

Fiat production line. Image: Carscoops

Polish Deputy Prime Minister Jaroslaw Gowin said: “Models with modern technology, hybrid engines and electric vehicles from the Jeep, Fiat and Alfa Romeo brands will begin to ship in Tychy in 2022”.

Through these forms of investment, Poland hopes to catch up with regional competitors such as the Czech Republic and Slovakia when participating in electric vehicle production.

FCA is in the process of merging with PSA worth $ 38 billion, which says the factory upgrade begins at the end of 2020. It is one of the company’s largest facilities at 2.7 million square meters, with about 2,500 employees.

The group’s first order is for three new passenger cars for sub-brands in the second half of 2022.

The FCA has not yet answered whether these electric vehicles will be sold outside of Europe once they enter production. FCA has confirmed that it will offer electrification options in the portfolio for Jeeps, with a total investment of $ 10.5 billion in electrification over the next two years.

The Tychy plant currently produces the Fiat 500 and Lancia Ypsilon. Last year, the facility produced about 263,000 vehicles, almost all of them exported to 58 markets worldwide.

Sunshine (according to the Reuters)


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