Fiat Chrysler will construct a new battery assembly complex in its Mirafiori plant located in Turin, with an initial investment of 50 million euros ($56 million), the automaker stated on Tuesday.
Batteries produced in the new complex will be utilized by the new generation of full electric models that the company is preparing to present, Fiat Chrysler (FCA) stated.
The investment is part of a plan declared by FCA last year to spend 5 billion euros in Italy between 2019-2021 to assist the group to introduce its first electric and hybrid models and to fill capacity utilization at its Italian plants.
Work on the new battery hub will begin early 2020, FCA stated.
Between 2020 and 2021 FCA is scheduled to introduce a full electric version of its small 500 car, Maserati’s first hybrid and electric models, hybrid models of Jeep’s Compass and Renegade and a light hybrid variation of its Panda small car.