# Stellantis to invest 130 million euros in German plant for new Opel electric car
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-03-22
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Stellantis to Invest €130M in BEV Production at Eisenach Plant
Meta Description: Stellantis plans to produce a new battery electric vehicle at its Eisenach assembly plant in Germany, supporting Opel's shift towards a fully electric
URL: https://financedigest.com/stellantis-to-invest-130-million-euros-in-german-plant-for-new-opel-electric-carhtml

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MILAN (Reuters) – Carmaker Stellantis said on Wednesday it would invest 130 million euros ($140 million) in its Eisenach assembly plant in Germany to produce a new battery electric vehicle (BEV) there from the second half of next year.

The new BEV vehicle will be the successor to the Opel Grandland compact SUV currently produced in Eisenach, the automaker said in a statement.

It will be based on the ‘STLA Medium’ platform, one of the four platforms that will underpin all Stellantis’ new models starting from next year.

Adding a BEV to Eisenach’s [output supports Opel’s bold commitment to a fully electric](https://www.financedigest.com/electric-car-maker-lucid-on-track-for-2022-2023-output-targets-ceo-says.html "Electric car maker Lucid on track for 2022, 2023 output targets, CEO says") product lineup by 2028 in Europe,” Stellantis said.

Current production at the facility also includes [plug-in hybrid](https://www.financedigest.com/mg-motor-launches-plug-in-hybrid-option-in-mexico-as-ev-race-heats-up.html "MG Motor launches plug-in hybrid option in Mexico as EV race heats up") versions of the Opel Grandland.

Stellantis, the world’s third-largest automotive group by sales, wants 100% of its European passenger [car sales](https://www.financedigest.com/mercedes-posts-rise-in-q1-sales-boosted-by-evs-premium-cars.html "Mercedes posts rise in Q1 sales boosted by EVs, premium cars") and 50% of its U.S. passenger [car and light-duty truck sales](https://www.financedigest.com/uk-new-car-sales-rise-17-in-march-best-ever-month-for-evs.html "UK new car sales rise 17% in March; best ever month for EVs") to be battery electric vehicles by 2030. Its other brands include Peugeot, Fiat, Alfa Romeo and Jeep,

The Eisenach plant, in the [German state](https://www.financedigest.com/inflation-in-key-german-states-eases-for-second-month.html "Inflation in key German states eases for second month") of Thuringia, was opened in 1992, when Opel was part of General Motors. As of 2022 it has produced a total of 3.7 [million vehicles](https://www.financedigest.com/sainsburys-pays-524-million-for-full-ownership-of-store-investment-vehicles.html "Sainsbury’s pays 4 million for full ownership of store investment vehicles"), Stellantis said.

($1 = 0.9271 euros)

(Reporting by Giulio Piovaccari; Editing by Keith Weir)


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