Stellantis announces $35.5B for EVs by 2025
Stellantis announced plans to spend at least $35.5 billion on electric vehicles by 2025, offering 40 all-electric and 15 plug-in hybrid electric models in the US and Europe by then. Analyst Sam Abuelsamid said Stellantis' plans will depend a lot on "partnerships -- joint ventures and working with suppliers. And hedging bets on key areas such as how quickly battery cost reduction happens."