Stellantis, the multinational automaker, has announced a significant investment in its manufacturing operations in South America. The company will inject $385 million into its plant located in Cordoba, Argentina, over the next five years, from 2025 to 2030. This investment is a key component of Stellantis’ broader plan to invest a total of €5.6 billion (approximately $6.22 billion) in the South American market during the same period.
Emanuele Cappellano, Stellantis’ head for South America, revealed this strategy in an online press conference held on Thursday. He explained that the allocated funds would be used to establish a new production line for vehicles and develop a new engine. However, Cappellano did not disclose specific details regarding the models or technologies involved in these developments.
In addition to the Cordoba plant investment, Cappellano provided updates on Stellantis’ upcoming product offerings. The automaker is set to introduce its first hybrid-flex vehicles in Brazil within this year. These innovative vehicles will have the capability to operate on either 100% ethanol, gasoline, or a combination of both, complemented by battery power.
This move follows a recent announcement by General Motors, which revealed plans to start producing its own hybrid-flex vehicles in Brazil. The Brazilian market has become increasingly attractive to global car manufacturers due to its robust ethanol industry, which supports vehicles capable of running on biofuels derived from sugarcane and corn.
The growing interest in hybrid-flex technology in Brazil highlights a broader trend among automakers aiming to tap into the country’s vast ethanol resources and respond to the rising demand for eco-friendly transportation options.
