FCA is investing billions in factory electrification
Fiat Chrysler has released an investment plan, which details a sum of more than five billion euros to be invested in their Italian production facilities by 2021. The plan is to make them fit for electric car making.
The FCA factory Mirafiori in Turin will be prepared for the production of compact electric vehicle platform, among others. Initially it will be used for the battery electric version of the Fiat 500. Further investments will flow into a combined vehicle architecture and a plug-in hybrid system for the brands Jeep, Alfa Romeo and Fiat, then also including the factory in Pomigliano.
In October, FCA first announced their plans to prepare their factory in Melfi for the production of the Jeep Renegade plug-in hybrid, which is planned for market introduction in early 2020. The pre-serial production for the model will begin there next year.
The Renegade PHEV is the second plug-in hybrid after the Pacifica PHEV that was presented by FCA this year. By 2022, Jeep alone plans to offer ten plug-in hybrids, and four fully electric vehicle models.
FCA’s total investments in electric vehicles and hybrids will add up to 9 billion euro, according to the electric roadmap presented last June.