Photo: Rathaphon Nanthapreecha | Pexels
Stellantis, the world's fourth-largest automaker, plans to invest more than 30 billion euros (about $35 billion US) through 2025 to electrify its vehicle lineup. The company aims to have battery or hybrid electric vehicles represent more than 70 percent of its European sales and over 40 percent of its US sales by 2030. All 14 brands -- including Peugeot, Jeep, Ram, Fiat and Opel -- will offer fully electrified models. The company also plans to electrify its commercial vehicle lineup and roll out hydrogen fuel-cell medium vans by the end of 2021. Its strategy will be supported by five battery plants in Europe and North America.
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