Fiat Chrysler is investing a total of 700 million euros in a production line for the electric version of the Fiat 500, according to media reports citing an unnamed top manager of the company.
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With the all-electric Concept Centoventi in Geneva, Fiat previews the next generation of their Panda model. With a unique modular battery set-up, the range can be extended from 100 km to up to 500 km, and FCA also promised a new take on electrifying the Fiat 500.
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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.
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