BRAZIL. Stellantis announced investments of EUR 5.57 billion by 2030.

Stellantis announced the group’s largest investment in the history of Brazil and South America: EUR 5.57 billion until 2030. The investment, which will benefit from the incentives made available by the new industrial policy adopted by the Lula Government, is equal to the sum of all the other investments announced in recent months by carmakers in the country and will mainly be directed at the production of 40 new car models, including those with “Bio-Hybrid” technology, i.e. characterised by the presence of electric motors powered by biofuels. Through the announced investment, Stellantis is bidding to consolidate its role as market leader. By 2023, the group has reached a market share of 31.4% of the total number of cars sold in Brazil.