Stellantis to Spend ~€130M in the Eisenach Assembly for EVs

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Stellantis (NYSE: STLA Euronext Milan STLAM / Euronext Paris STLAP) announced today in Amsterdam that it will invest ~€130 million in the Eisenach Assembly Plant* in Germany, producer of the Opel Grandland compact sport utility vehicle. Eisenach Assembly will make the battery electric vehicle (BEV) replacement vehicle that will be built on the all-new STLA Medium platform. Production of the new BEV is scheduled to begin in the second half of 2024.

Opel announced last fall that it would revive GSe as a new sub-brand for electrified models with GSe now standing for Grand Sport electric. The Opel Grandland GSe follows the Astra GSe and the Astra Sports Tourer GSe. Opel claims it is a high-performance, plug-in hybrid with electric all-wheel-drive in the SUV compact class, arguably the fastest growing segment in Europe and Asia. The Opel Grandland currently produced at Eisenach includes plug-in hybrid variants. Opel wants a fully electric lineup by 2028. (autoinformed.com on: Milestones: 75 millionth Opel – Grandland GSe)

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“Eisenach, our most compact plant in Germany, has demonstrated a strong drive in quality improvements,” said Arnaud Deboeuf, Stellantis Chief Manufacturing Officer. “With this allocation of Stellantis’ new fully BEV platform, STLA Medium, Eisenach plant’s highly skilled workforce will continue to improve the cost and the quality of the vehicles they produce to delight our customers,” claimed Deboeuf.

The Eisenach investment is another step in the Dare Forward (autoinformed.com: Dare Forward 2030 – Stellantis Survival Plan Unveiled) tactical plan, which is led by emission cuts to slash CO2 in half by 2030, bench-marking 2021 metrics, and achieve carbon net zero by 2038 with single digit percentage compensation of the remaining emissions.

Targets for Dare Forward 2030 also include 100% of passenger car sales in Europe and 50% of passenger car and light-duty truck sales in the United States to be BEVs by the end of the decade; the ambition of doubling Net Revenues by 2030 (versus 2021) and sustaining double-digit Adjusted Operating Income margins throughout the decade; and the aim to become number one in customer satisfaction for products and services in every market by 2030. Stellantis is investing more than €30 billion through 2025 in electrification and software to deliver BEVs.

*Eisenach Assembly Plant is in the state of Thuringia, central Germany. It opened in September 1992 with production of the Opel Astra. In 2022 the plant celebrated its 30th anniversary with an Open Day event that commemorated production of 3.7 million vehicles.