Stellantis on Tuesday introduced a $155 million funding in three Kokomo, Indiana, vegetation to provide drive modules for future electrical automobiles starting in 2024.
Consisting of an electrical motor, energy electronics, and transmission assembled as one unit, these modules will likely be utilized in automobiles primarily based on the STLA Frame and STLA Large platforms, which is able to underpin an upcoming Ram 1500 REV pickup truck and Dodge electrical muscle automobile, respectively. While the corporate did not title particular merchandise, it is very possible these fashions will likely be powered by U.S.-built drive modules from this facility.
Stellantis EV drive module
The firm has famous earlier than that these drive modules are a key to hitting a most vary goal of 500 miles for these platforms, together with 2.0-second 0-60 mph acceleration for the sportiest fashions. Stellantis reiterated the 500-mile declare in a press launch asserting the Indiana investments, which the automaker famous observe $3.3 billion invested in Indiana since 2020 to help electrification.
The newest funding will likely be break up between Stellantis’ Indiana Transmission, Kokomo Transmission, and Kokomo Casting vegetation, reflecting a division of labor between them, the discharge mentioned. Gearbox covers for the drive modules will likely be forged at Kokomo Casting and machined at Kokomo Transmission, whereas gear machining and last meeting will likely be dealt with at Indiana Transmission, based on Stellantis.
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Ram 1500 REV
Kokomo can be the place Stellantis has introduced a $2.5 billion battery manufacturing facility below a three way partnership with battery provider Samsung SDI. It’s fairly a leap from simply over a decade in the past, when Stellantis predecessor Fiat Chrysler Automobiles was touting a $300 million funding within the Kokomo Transmission plant to construct extra fuel-efficient items for internal-combustion automobiles.
Stellantis plans to spend $35.5 billion globally over 5 years to assist electrify 14 manufacturers. That features a aim of fifty% battery-electric car gross sales within the U.S. by 2030.
Source: www.greencarreports.com